Harbour Capital Advisors LLC Purchases New Stake in NuScale Power Co. (NYSE:SMR)

Harbour Capital Advisors LLC purchased a new stake in NuScale Power Co. (NYSE:SMR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,780 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMR. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in NuScale Power during the third quarter worth about $44,000. US Bancorp DE bought a new position in shares of NuScale Power during the third quarter worth approximately $54,000. CWM LLC lifted its holdings in shares of NuScale Power by 4,593.8% during the third quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after buying an additional 5,191 shares in the last quarter. Quest Partners LLC acquired a new position in shares of NuScale Power during the 2nd quarter worth approximately $115,000. Finally, Victory Capital Management Inc. acquired a new stake in NuScale Power during the third quarter worth approximately $116,000. Institutional investors own 78.37% of the company’s stock.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. The trade was a 82.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 798,620 shares of company stock valued at $14,624,962. 1.96% of the stock is currently owned by company insiders.

NuScale Power Price Performance

Shares of NYSE:SMR opened at $18.83 on Tuesday. NuScale Power Co. has a 52 week low of $1.88 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 firm has a market cap of $4.81 billion, a PE ratio of -19.82 and a beta of 1.47. The firm’s fifty day moving average is $22.85 and its 200-day moving average is $15.73.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upped their price target on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.39.

NuScale Power Company 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.