NuScale Power Co. (NYSE:SMR) Shares Purchased by Cwm LLC

Cwm LLC boosted its stake in NuScale Power Co. (NYSE:SMR) by 4,593.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,304 shares of the company’s stock after acquiring an additional 5,191 shares during the quarter. Cwm LLC’s holdings in NuScale Power were worth $61,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in NuScale Power in the 2nd quarter valued at $64,000. TFC Financial Management Inc. acquired a new stake in NuScale Power during the 2nd quarter worth $75,000. Fortitude Family Office LLC acquired a new stake in NuScale Power during the 2nd quarter worth $98,000. Quest Partners LLC acquired a new stake in NuScale Power during the 2nd quarter worth $115,000. Finally, Principal Financial Group Inc. acquired a new stake in NuScale Power during the 2nd quarter worth $123,000. Institutional investors and hedge funds own 15.28% of the company’s stock.

Insider Activity

In other news, insider Robert K. Temple sold 144,627 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $10.90, for a total value of $1,576,434.30. Following the completion of the sale, the insider now directly owns 14,054 shares of the company’s stock, valued at approximately $153,188.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Robert K. Temple sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $9.57, for a total transaction of $47,850.00. Following the completion of the sale, the insider now owns 14,054 shares in the company, valued at $134,496.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert K. Temple sold 144,627 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $10.90, for a total value of $1,576,434.30. Following the sale, the insider now owns 14,054 shares of the company’s stock, valued at $153,188.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 490,595 shares of company stock valued at $6,287,356. 1.96% of the stock is currently owned by company insiders.

NuScale Power Stock Up 0.1 %

SMR stock opened at $18.41 on Monday. The company’s 50 day moving average price is $11.43 and its 200 day moving average price is $9.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66. NuScale Power Co. has a fifty-two week low of $1.81 and a fifty-two week high of $20.35. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of -21.66 and a beta of 1.25.

NuScale Power (NYSE:SMR) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). The business had revenue of $0.97 million during the quarter, compared to analyst estimates of $1.43 million. NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. During the same period last year, the company earned ($0.13) earnings per share.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SMR shares. CLSA started coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 target price on the stock. Craig Hallum lifted their target price on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NuScale Power currently has an average rating of “Moderate Buy” and an average target price of $10.39.

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.