Cookson Peirce & Co. Inc. Purchases New Shares in NuScale Power Co. (NYSE:SMR)

Cookson Peirce & Co. Inc. purchased a new stake in shares of NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 44,619 shares of the company’s stock, valued at approximately $800,000.

Several other hedge funds also recently made changes to their positions in SMR. Victory Capital Management Inc. raised its stake in NuScale Power by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock valued at $191,000 after buying an additional 656 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in NuScale Power by 8.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 735,383 shares of the company’s stock valued at $13,185,000 after buying an additional 58,135 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in NuScale Power during the fourth quarter valued at $97,000. SBI Securities Co. Ltd. purchased a new position in NuScale Power during the fourth quarter valued at $282,000. Finally, Jones Financial Companies Lllp raised its stake in NuScale Power by 672.3% during the fourth quarter. Jones Financial Companies Lllp now owns 15,399 shares of the company’s stock valued at $276,000 after buying an additional 13,405 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NuScale Power

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the business’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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.96% of the stock is owned by company insiders.

NuScale Power Stock Up 0.8 %

Shares of NYSE:SMR opened at $17.37 on Thursday. The stock has a fifty day simple moving average of $21.45 and a two-hundred day simple moving average of $18.53. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of -18.28 and a beta of 1.51. NuScale Power Co. has a 12-month low of $3.79 and a 12-month high of $32.30. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

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.