Segra Capital Management LLC Reduces Position in Terra Innovatum Global S.R.L. $NKLR

Segra Capital Management LLC reduced its stake in Terra Innovatum Global S.R.L. (NASDAQ:NKLR) by 80.9% during the first quarter, HoldingsChannel reports. The fund owned 2,534,340 shares of the company’s stock after selling 10,717,753 shares during the period. Terra Innovatum Global S.R.L. comprises approximately 4.7% of Segra Capital Management LLC’s holdings, making the stock its 4th largest position. Segra Capital Management LLC’s holdings in Terra Innovatum Global S.R.L. were worth $11,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Magnetar Financial LLC purchased a new position in shares of Terra Innovatum Global S.R.L. in the 4th quarter worth about $4,064,000. UBS Group AG purchased a new stake in Terra Innovatum Global S.R.L. during the 4th quarter valued at about $3,002,000. Vennlight Capital Management LP bought a new stake in Terra Innovatum Global S.R.L. during the 4th quarter valued at about $2,872,000. Hudson Bay Capital Management LP bought a new stake in Terra Innovatum Global S.R.L. during the 4th quarter valued at about $1,477,000. Finally, AQR Arbitrage LLC purchased a new position in Terra Innovatum Global S.R.L. in the fourth quarter worth about $859,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Terra Innovatum Global S.R.L. from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. HC Wainwright reissued a “buy” rating and set a $25.00 price target on shares of Terra Innovatum Global S.R.L. in a research report on Thursday, July 9th. Finally, Weiss Ratings lowered shares of Terra Innovatum Global S.R.L. from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.50.

Terra Innovatum Global S.R.L. Price Performance

Shares of NASDAQ:NKLR opened at $5.14 on Tuesday. The company has a market cap of $567.97 million and a P/E ratio of -171.33. Terra Innovatum Global S.R.L. has a 1 year low of $3.73 and a 1 year high of $21.91. The stock’s fifty day moving average price is $5.32 and its 200-day moving average price is $5.21.

Terra Innovatum Global S.R.L. (NASDAQ:NKLR) last released its quarterly earnings data on Monday, June 15th. The company reported $9.99 EPS for the quarter. On average, sell-side analysts anticipate that Terra Innovatum Global S.R.L. will post -0.26 earnings per share for the current year.

Terra Innovatum Global S.R.L. Company Profile

Terra Innovatum Global N.V. is a developer of micro-modular nuclear reactors. Terra Innovatum Global N.V., formerly known as GSR III Acquisition Corp., is based in NEW YORK.