5,860 Shares in NuScale Power Corporation $SMR Purchased by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC purchased a new position in shares of NuScale Power Corporation (NYSE:SMR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,860 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMR. Quantbot Technologies LP bought a new position in NuScale Power during the first quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 purchasing an additional 359 shares during the period. Harbour Investments Inc. grew its holdings in NuScale Power by 21.3% during the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock worth $46,000 after purchasing an additional 203 shares during the period. Stone House Investment Management LLC bought a new position in NuScale Power during the first quarter worth about $50,000. Finally, Geneos Wealth Management Inc. bought a new position in NuScale Power during the first quarter worth about $60,000. Institutional investors own 78.37% of the company’s stock.

NuScale Power Trading Up 0.0%

NYSE SMR opened at $37.56 on Monday. NuScale Power Corporation has a 1-year low of $11.08 and a 1-year high of $57.42. The company has a 50 day moving average of $38.45 and a 200-day moving average of $34.42. The company has a market cap of $10.70 billion, a price-to-earnings ratio of -31.56 and a beta of 2.02.

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

Insider Buying and Selling at NuScale Power

In other news, Director Corp Fluor sold 87,900 shares of NuScale Power stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total value of $3,479,082.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 15,048,847 shares of company stock valued at $606,761,579 in the last three months. 1.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on SMR shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of NuScale Power in a report on Friday. BNP Paribas downgraded shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Citigroup restated a “sell” rating and set a $37.50 price objective (down from $46.00) on shares of NuScale Power in a research report on Tuesday, October 21st. UBS Group raised their price objective on shares of NuScale Power from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Finally, Cantor Fitzgerald initiated coverage on shares of NuScale Power in a research report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $37.73.

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.