Almanack Investment Partners LLC. Acquires Shares of 9,252 NuScale Power Corporation $SMR

Almanack Investment Partners LLC. acquired a new stake in shares of NuScale Power Corporation (NYSE:SMR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,252 shares of the company’s stock, valued at approximately $366,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 valued at $31,000 after purchasing an additional 359 shares during the period. Toth Financial Advisory Corp boosted its holdings in shares of NuScale Power by 185.0% in the second quarter. Toth Financial Advisory Corp now owns 1,710 shares of the company’s stock worth $68,000 after acquiring an additional 1,110 shares during the period. IFP Advisors Inc boosted its holdings in shares of NuScale Power by 55.7% in the second quarter. IFP Advisors Inc now owns 1,745 shares of the company’s stock worth $69,000 after acquiring an additional 624 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new position in shares of NuScale Power in the second quarter worth $69,000. Finally, Quantbot Technologies LP bought a new position in shares of NuScale Power in the first quarter worth $27,000. 78.37% of the stock is owned by institutional investors.

NuScale Power Stock Performance

NYSE:SMR opened at $39.29 on Monday. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of -33.02 and a beta of 2.02. NuScale Power Corporation has a 52-week low of $11.08 and a 52-week high of $53.50. The stock has a fifty day moving average of $37.96 and a 200 day moving average of $32.42.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. BNP Paribas Exane assumed coverage on NuScale Power in a report on Friday, July 25th. They issued a “neutral” rating and a $41.00 price target for the company. Northland Securities assumed coverage on NuScale Power in a report on Monday, July 7th. They issued a “market perform” rating and a $35.00 price target for the company. Royal Bank Of Canada assumed coverage on NuScale Power in a report on Monday, September 15th. They issued a “sector perform” rating and a $35.00 price target for the company. BTIG Research lowered NuScale Power from a “buy” rating to a “neutral” rating in a report on Wednesday, June 25th. Finally, Canaccord Genuity Group lifted their price objective on NuScale Power from $44.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, NuScale Power has a consensus rating of “Hold” and a consensus target price of $36.67.

Insider Activity at NuScale Power

In other news, Director Corp Fluor sold 2,372,563 shares of the 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 transaction, the director directly owned 10,085,344 shares in the company, valued at approximately $443,654,282.56. This represents a 19.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 15,048,847 shares of company stock worth $606,761,579. 1.96% of the stock is currently owned by corporate insiders.

NuScale Power 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.