10,013 Shares in NuScale Power Co. (NYSE:SMR) Bought by Victory Capital Management Inc.

Victory Capital Management Inc. purchased a new stake in NuScale Power Co. (NYSE:SMR) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 10,013 shares of the company’s stock, valued at approximately $116,000.

A number of other hedge funds also recently made changes to their positions in the stock. Entropy Technologies LP bought a new stake in NuScale Power during the third quarter valued at $138,000. TimesSquare Capital Management LLC bought a new stake in shares of NuScale Power during the 3rd quarter valued at about $2,895,000. Philip James Wealth Mangement LLC bought a new stake in NuScale Power in the third quarter worth approximately $1,656,000. Canal Insurance CO lifted its stake in NuScale Power by 35.0% in the third quarter. Canal Insurance CO now owns 216,000 shares of the company’s stock valued at $2,501,000 after buying an additional 56,000 shares during the period. Finally, Catalina Capital Group LLC boosted its holdings in shares of NuScale Power by 6.8% during the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after buying an additional 809 shares in the last quarter. 15.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SMR has been the subject of a number of research reports. CLSA started coverage on shares of NuScale Power in a report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target for the company. Craig Hallum raised their target price on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.39.

Insiders Place Their Bets

In other news, insider Robert K. Temple sold 115,866 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the completion of the transaction, the insider now owns 14,054 shares in the company, valued at approximately $255,782.80. This represents a 89.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 409,051 shares of company stock valued at $5,525,671 over the last ninety days. 1.96% of the stock is currently owned by insiders.

NuScale Power Price Performance

SMR opened at $29.65 on Monday. NuScale Power Co. has a fifty-two week low of $1.88 and a fifty-two week high of $32.30. The firm has a 50-day moving average of $19.23 and a 200 day moving average of $12.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $7.57 billion, a P/E ratio of -31.21 and a beta of 1.12.

NuScale Power Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.