CIBC Private Wealth Group LLC Has $788,000 Stock Holdings in NuScale Power Co. (NYSE:SMR)

CIBC Private Wealth Group LLC increased its stake in NuScale Power Co. (NYSE:SMR) by 2,114.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,042 shares of the company’s stock after acquiring an additional 38,234 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in NuScale Power were worth $788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SMR. Arrowstreet Capital Limited Partnership bought a new stake in shares of NuScale Power in the 4th quarter valued at $22,823,000. L & S Advisors Inc bought a new stake in NuScale Power during the fourth quarter valued at $277,000. Orion Portfolio Solutions LLC acquired a new stake in NuScale Power during the 4th quarter worth about $182,000. NEOS Investment Management LLC bought a new position in shares of NuScale Power in the 4th quarter worth about $297,000. Finally, Vanguard Group Inc. lifted its stake in shares of NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock valued at $151,113,000 after purchasing an additional 635,271 shares during the period. Institutional investors and hedge funds own 78.37% of the company’s stock.

NuScale Power Trading Down 11.1 %

NYSE:SMR opened at $12.57 on Friday. The firm has a fifty day simple moving average of $19.18 and a two-hundred day simple moving average of $19.66. NuScale Power Co. has a 12 month low of $4.61 and a 12 month high of $32.30. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of -13.23 and a beta of 1.58. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

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

Insider Activity

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction on Friday, March 7th. The shares were 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. This trade represents a 51.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the transaction, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,114 shares of company stock worth $1,351,231 in the last three months. Company insiders own 1.96% of the company’s stock.

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.