NEOS Investment Management LLC Invests $297,000 in NuScale Power Co. (NYSE:SMR)

NEOS Investment Management LLC purchased a new stake in shares of NuScale Power Co. (NYSE:SMR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,560 shares of the company’s stock, valued at approximately $297,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SMR. Victory Capital Management Inc. grew its stake in NuScale Power by 6.6% in the 4th quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock valued at $191,000 after purchasing an additional 656 shares during the period. HighTower Advisors LLC grew its position in NuScale Power by 7.3% during the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock valued at $140,000 after buying an additional 820 shares during the period. Amalgamated Bank increased its holdings in NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after buying an additional 986 shares during the last quarter. Corient Private Wealth LLC increased its holdings in NuScale Power by 6.6% during the fourth quarter. Corient Private Wealth LLC now owns 21,130 shares of the company’s stock worth $379,000 after buying an additional 1,314 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in NuScale Power by 313.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares during the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

NuScale Power Trading Down 5.3 %

Shares of NuScale Power stock opened at $14.18 on Tuesday. 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 stock has a market capitalization of $4.00 billion, a P/E ratio of -14.92 and a beta of 1.58. NuScale Power Co. has a 52-week low of $4.61 and a 52-week high of $32.30. The stock’s 50-day simple moving average is $20.21 and its 200 day simple moving average is $19.67.

Insider Activity

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the sale, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jacqueline F. Engel sold 24,618 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the transaction, the vice president now owns 1,149 shares of the company’s stock, valued at approximately $16,683.48. This represents a 95.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 720,682 shares of company stock valued at $12,840,747 over the last quarter. Company insiders own 1.96% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group decreased their price target on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 7th.

NuScale Power Company 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.