Twin Tree Management LP Purchases New Stake in NuScale Power Co. (NYSE:SMR)

Twin Tree Management LP purchased a new stake in NuScale Power Co. (NYSE:SMR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,320 shares of the company’s stock, valued at approximately $42,000.

A number of other large investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. raised 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 acquiring an additional 656 shares during the period. HighTower Advisors LLC increased its position in NuScale Power by 7.3% during the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after buying an additional 820 shares during the period. Amalgamated Bank increased its position in NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after buying an additional 986 shares during the period. Corient Private Wealth LLC increased its position in NuScale Power by 6.6% during the 4th 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 period. Finally, Venturi Wealth Management LLC increased its position in NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after buying an additional 1,500 shares during the period. Institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Up 11.9 %

Shares of NYSE SMR opened at $18.55 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power Co. has a 52 week low of $0.13 and a 52 week high of $32.30. The stock has a market capitalization of $5.24 billion, a P/E ratio of -19.52 and a beta of 1.58. The stock’s fifty day moving average is $20.75 and its 200 day moving average is $19.08.

Insider Buying and Selling

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 29,985 shares in the company, valued at approximately $470,764.50. This trade represents a 51.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 720,682 shares of company stock worth $12,840,747. Company insiders own 1.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered their price objective 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.

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.