Portland Investment Counsel Inc. Purchases New Holdings in Oklo Inc. (NYSE:OKLO)

Portland Investment Counsel Inc. acquired a new position in shares of Oklo Inc. (NYSE:OKLO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 802,580 shares of the company’s stock, valued at approximately $6,493,000. Oklo makes up approximately 2.3% of Portland Investment Counsel Inc.’s investment portfolio, making the stock its 13th largest holding.

Several other large investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Oklo during the third quarter worth approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Oklo in the third quarter worth $135,000. Finally, DRW Securities LLC purchased a new stake in shares of Oklo during the third quarter worth $404,000. 85.03% of the stock is owned by institutional investors and hedge funds.

Oklo Stock Performance

NYSE OKLO opened at $23.53 on Friday. The stock’s 50-day moving average is $17.54 and its two-hundred day moving average is $11.39. Oklo Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $28.12.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OKLO. B. Riley began coverage on Oklo in a research note on Thursday, September 19th. They set a “buy” rating and a $10.00 price target for the company. Citigroup cut their price objective on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research report on Friday, September 6th.

Oklo Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.