L & S Advisors Inc Makes New Investment in NuScale Power Co. (NYSE:SMR)

L & S Advisors Inc acquired 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 and Exchange Commission (SEC). The fund acquired 15,435 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in 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 purchasing an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after purchasing an additional 1,800 shares during the period. Twin Tree Management LP purchased a new stake in NuScale Power in the fourth quarter valued at approximately $42,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in NuScale Power in the 3rd quarter worth approximately $44,000. Finally, Amalgamated Bank raised 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 last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 720,682 shares of company stock worth $12,840,747 over the last 90 days. 1.96% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

NuScale Power Trading Down 7.2 %

Shares of SMR stock opened at $14.94 on Monday. The stock has a 50 day simple moving average of $20.37 and a 200-day simple moving average of $19.63. NuScale Power Co. has a 1-year low of $4.61 and a 1-year high of $32.30. The company has a market cap of $4.22 billion, a price-to-earnings ratio of -15.73 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

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.