3,699 Shares in NuScale Power Corporation $SMR Acquired by Hager Investment Management Services LLC

Hager Investment Management Services LLC purchased a new position in shares of NuScale Power Corporation (NYSE:SMR) during the second quarter, Holdings Channel reports. The firm purchased 3,699 shares of the company’s stock, valued at approximately $146,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in NuScale Power during the 1st quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in NuScale Power by 84.5% during the 2nd 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 last quarter. NBC Securities Inc. grew its stake in NuScale Power by 165,450.0% during the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock worth $46,000 after buying an additional 3,309 shares during the last quarter. Stone House Investment Management LLC purchased a new position in NuScale Power during the 1st quarter worth approximately $50,000. Finally, Geneos Wealth Management Inc. purchased a new position in NuScale Power during the 1st quarter worth approximately $60,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Price Performance

SMR opened at $38.18 on Thursday. The business has a 50 day simple moving average of $38.25 and a 200-day simple moving average of $31.91. The stock has a market capitalization of $10.88 billion, a P/E ratio of -32.08 and a beta of 2.02. NuScale Power Corporation has a 12 month low of $11.08 and a 12 month high of $53.50.

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

Analysts Set New Price Targets

SMR has been the subject of a number of recent research reports. Bank of America reaffirmed an “underperform” rating and set a $34.00 price objective (down from $38.00) on shares of NuScale Power in a research report on Tuesday, September 30th. BTIG Research cut NuScale Power from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NuScale Power in a research report on Wednesday. Canaccord Genuity Group increased their price objective on NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Finally, UBS Group increased their price objective on NuScale Power from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.67.

Insider Activity at NuScale Power

In other news, Director Corp Fluor sold 854,033 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $42.41, for a total value of $36,219,539.53. Following the completion of the sale, the director directly owned 908,761 shares of the company’s stock, valued at $38,540,554.01. This trade represents a 48.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 14,140,086 shares of company stock valued at $569,889,872. 1.27% of the stock is owned by company insiders.

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.