Victory Capital Management Inc. Grows Stock Holdings in NuScale Power Co. (NYSE:SMR)

Victory Capital Management Inc. increased its position in shares of NuScale Power Co. (NYSE:SMR) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,669 shares of the company’s stock after buying an additional 656 shares during the quarter. Victory Capital Management Inc.’s holdings in NuScale Power were worth $191,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SMR. Venturi Wealth Management LLC raised its position in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after buying an additional 1,500 shares during the period. Toth Financial Advisory Corp raised its position in shares of NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after buying an additional 1,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of NuScale Power during the 3rd quarter valued at approximately $44,000. Amalgamated Bank raised its position in NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after purchasing an additional 986 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in NuScale Power in the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th.

NuScale Power Stock Down 0.5 %

Shares of NYSE SMR opened at $18.11 on Monday. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of -19.06 and a beta of 1.58. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 52-week low of $0.13 and a 52-week high of $32.30. The business’s 50 day moving average is $20.68 and its two-hundred day moving average is $19.31.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the transaction, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the chief financial officer now owns 29,985 shares of the company’s stock, valued at approximately $470,764.50. This trade represents a 51.23 % 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. 1.96% of the stock is owned by company insiders.

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.