NuScale Power Corporation $SMR Shares Purchased by Swiss National Bank

Swiss National Bank raised its stake in NuScale Power Corporation (NYSE:SMR) by 14.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,700 shares of the company’s stock after acquiring an additional 28,600 shares during the period. Swiss National Bank’s holdings in NuScale Power were worth $9,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in SMR. Quantbot Technologies LP purchased a new stake in shares of NuScale Power in the 1st quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. increased its position in NuScale Power by 84.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock worth $31,000 after buying an additional 359 shares during the period. Rothschild Investment LLC lifted its stake in NuScale Power by 45.2% in the second quarter. Rothschild Investment LLC now owns 1,125 shares of the company’s stock valued at $45,000 after buying an additional 350 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of NuScale Power by 21.3% in the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock valued at $46,000 after acquiring an additional 203 shares during the period. Finally, Stone House Investment Management LLC purchased a new position in shares of NuScale Power during the first quarter worth approximately $50,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of NuScale Power from $35.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, November 10th. BNP Paribas cut shares of NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Cantor Fitzgerald began coverage on NuScale Power in a report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price target on the stock. BNP Paribas Exane cut NuScale Power from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 21st. Finally, UBS Group set a $20.00 price objective on NuScale Power in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NuScale Power presently has a consensus rating of “Reduce” and a consensus price target of $36.12.

Insider Buying and Selling at NuScale Power

In related news, Director Corp Fluor sold 87,900 shares of the company’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $39.58, for a total transaction of $3,479,082.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 15,000,000 shares of company stock valued at $604,862,902 in the last quarter. 1.20% of the stock is owned by insiders.

NuScale Power Stock Up 5.4%

Shares of NYSE:SMR opened at $20.07 on Friday. NuScale Power Corporation has a fifty-two week low of $11.08 and a fifty-two week high of $57.42. The firm’s 50-day simple moving average is $34.62 and its 200-day simple moving average is $36.54. The company has a market cap of $5.99 billion, a price-to-earnings ratio of -7.02 and a beta of 2.03.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The firm had revenue of $8.24 million during the quarter, compared to analyst estimates of $11.29 million. During the same quarter in the previous year, the business earned ($0.18) EPS. NuScale Power’s revenue for the quarter was up 1635.2% on a year-over-year basis. On average, research analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current year.

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.