Quest Partners LLC Acquires 5,142 Shares of NuScale Power Co. (NYSE:SMR)

Quest Partners LLC boosted its holdings in NuScale Power Co. (NYSE:SMR) by 52.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,950 shares of the company’s stock after acquiring an additional 5,142 shares during the period. Quest Partners LLC’s holdings in NuScale Power were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new position in NuScale Power in the 3rd quarter valued at $116,000. Entropy Technologies LP acquired a new position in NuScale Power in the 3rd quarter valued at $138,000. TimesSquare Capital Management LLC acquired a new position in NuScale Power in the 3rd quarter valued at $2,895,000. Philip James Wealth Mangement LLC acquired a new position in NuScale Power in the 3rd quarter valued at $1,656,000. Finally, Canal Insurance CO grew its holdings in NuScale Power by 35.0% in the 3rd quarter. Canal Insurance CO now owns 216,000 shares of the company’s stock valued at $2,501,000 after buying an additional 56,000 shares in the last quarter. 15.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Craig Hallum upped their price objective on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. CLSA initiated coverage on NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.39.

NuScale Power Stock Performance

SMR opened at $28.06 on Thursday. The firm has a market cap of $7.17 billion, a P/E ratio of -29.54 and a beta of 1.12. NuScale Power Co. has a 52-week low of $1.88 and a 52-week high of $31.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The business’s fifty day moving average is $18.11 and its 200-day moving average is $12.50.

Insider Activity at NuScale Power

In related news, insider Robert K. Temple sold 144,627 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $10.90, for a total value of $1,576,434.30. Following the sale, the insider now directly owns 14,054 shares of the company’s stock, valued at $153,188.60. This trade represents a 91.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 409,051 shares of company stock valued at $5,525,671 over the last ninety days. 1.96% of the stock is owned by corporate 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.