8,904 Shares in NuScale Power Corporation $SMR Bought by R Squared Ltd

R Squared Ltd acquired a new position in shares of NuScale Power Corporation (NYSE:SMR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,904 shares of the company’s stock, valued at approximately $352,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of NuScale Power by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company’s stock worth $126,598,000 after buying an additional 512,618 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NuScale Power by 20.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock worth $96,880,000 after purchasing an additional 1,153,158 shares in the last quarter. Swedbank AB increased its holdings in NuScale Power by 6.7% in the 1st quarter. Swedbank AB now owns 2,402,125 shares of the company’s stock worth $34,014,000 after purchasing an additional 149,875 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NuScale Power by 1,220.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock worth $26,127,000 after purchasing an additional 1,705,411 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new position in NuScale Power in the 1st quarter worth about $14,271,000. 78.37% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Corp Fluor sold 2,372,563 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $43.99, for a total transaction of $104,369,046.37. Following the completion of the transaction, the director directly owned 10,085,344 shares in the company, valued at $443,654,282.56. This trade represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 15,048,847 shares of company stock worth $606,761,579 in the last ninety days. 1.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SMR shares. Northland Securities started coverage on NuScale Power in a report on Monday, July 7th. They issued a “market perform” rating and a $35.00 target price for the company. UBS Group upped their target price on NuScale Power from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, August 11th. Royal Bank Of Canada started coverage on NuScale Power in a report on Monday, September 15th. They issued a “sector perform” rating and a $35.00 target price for the company. Bank of America reaffirmed an “underperform” rating and issued a $34.00 target price (down previously from $38.00) on shares of NuScale Power in a report on Tuesday, September 30th. Finally, Cantor Fitzgerald started coverage on NuScale Power in a report on Tuesday. They issued an “overweight” rating and a $55.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $37.73.

NuScale Power Price Performance

Shares of SMR opened at $37.56 on Friday. NuScale Power Corporation has a 1 year low of $11.08 and a 1 year high of $57.42. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of -31.56 and a beta of 2.02. The business has a 50-day moving average of $38.45 and a 200-day moving average of $34.15.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%.The company had revenue of $8.05 million for the quarter, compared to the consensus estimate of $10.49 million. As a group, sell-side analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current year.

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.