AlphaQuest LLC Sells 6,559 Shares of NuScale Power Co. (NYSE:SMR)

AlphaQuest LLC decreased its position in shares of NuScale Power Co. (NYSE:SMR) by 43.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,391 shares of the company’s stock after selling 6,559 shares during the period. AlphaQuest LLC’s holdings in NuScale Power were worth $150,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in NuScale Power by 212.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after buying an additional 460,487 shares during the period. Verition Fund Management LLC grew its holdings in shares of NuScale Power by 319.9% during the 3rd quarter. Verition Fund Management LLC now owns 113,476 shares of the company’s stock worth $1,314,000 after purchasing an additional 86,454 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NuScale Power by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock worth $1,930,000 after purchasing an additional 111,812 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of NuScale Power by 581.8% during the 3rd quarter. Stifel Financial Corp now owns 118,355 shares of the company’s stock worth $1,371,000 after purchasing an additional 100,995 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in NuScale Power in the third quarter valued at about $277,000. Institutional investors own 78.37% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group reduced their price objective on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, NuScale Power currently has an average rating of “Moderate Buy” and an average target price of $12.58.

NuScale Power Price Performance

NuScale Power stock opened at $17.60 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.97 billion, a PE ratio of -18.53 and a beta of 1.58. NuScale Power Co. has a 12 month low of $0.13 and a 12 month high of $32.30. The stock has a 50-day moving average price of $20.88 and a two-hundred day moving average price of $19.03.

Insider Transactions at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the completion of the sale, the chief financial officer now owns 29,985 shares of the company’s stock, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 720,682 shares of company stock worth $12,840,747 over the last ninety days. 1.96% of the stock is owned by insiders.

About NuScale Power

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.