Fox Hill Wealth Management Has $1.60 Million Stock Position in NuScale Power Co. (NYSE:SMR)

Fox Hill Wealth Management grew its position in shares of NuScale Power Co. (NYSE:SMR) by 31.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,007 shares of the company’s stock after acquiring an additional 21,146 shares during the quarter. Fox Hill Wealth Management’s holdings in NuScale Power were worth $1,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Horizon Kinetics Asset Management LLC bought a new stake in shares of NuScale Power during the 4th quarter worth approximately $243,000. Twin Tree Management LP bought a new stake in NuScale Power in the 4th quarter valued at $42,000. Corient Private Wealth LLC raised its stake in NuScale Power by 6.6% in the 4th quarter. Corient Private Wealth LLC now owns 21,130 shares of the company’s stock valued at $379,000 after acquiring an additional 1,314 shares during the period. Swiss National Bank raised its stake in NuScale Power by 21.2% in the 4th quarter. Swiss National Bank now owns 167,700 shares of the company’s stock valued at $3,007,000 after acquiring an additional 29,300 shares during the period. Finally, Rakuten Securities Inc. bought a new stake in NuScale Power in the 4th quarter valued at $134,000. Institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Performance

SMR opened at $16.63 on Wednesday. The firm has a market cap of $4.70 billion, a P/E ratio of -17.50 and a beta of 1.58. NuScale Power Co. has a 52-week low of $0.13 and a 52-week high of $32.30. 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 $20.77 and its 200-day moving average is $19.09.

Analyst Ratings Changes

Separately, UBS Group dropped their price target on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, NuScale Power presently has an average rating of “Hold” and an average price target of $13.50.

Insider Transactions at NuScale Power

In related news, VP Jacqueline F. Engel sold 24,618 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the sale, the vice president now directly owns 1,149 shares of the company’s stock, valued at $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the firm’s stock in a transaction dated 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 directly owns 29,985 shares in the company, valued at $470,764.50. This trade represents a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 720,682 shares of company stock valued at $12,840,747. 1.96% of the stock is owned by corporate insiders.

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.