12,050 Shares in NuScale Power Corporation $SMR Bought by SLT Holdings LLC

Key Points

• SLT Holdings LLC acquired a new position in NuScale Power Corporation by purchasing 12,050 shares valued at approximately $477,000 in the second quarter.
• Insider transactions revealed that Director Corp Fluor sold over 2.37 million shares at approximately $43.99, leading to a 19.04% decrease in ownership.
• NuScale Power reported a loss of $0.13 earnings per share for the last quarter, missing the consensus estimate by $0.01, alongside a revenue of $8.05 million versus $10.49 million expected.

SLT Holdings LLC purchased a new position in NuScale Power Corporation (NYSE:SMR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,050 shares of the company's stock, valued at approximately $477,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its holdings in NuScale Power by 31.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 193,098 shares of the company's stock worth $2,734,000 after acquiring an additional 46,744 shares in the last quarter. Fox Hill Wealth Management boosted its stake in NuScale Power by 29.1% during the 2nd quarter. Fox Hill Wealth Management now owns 121,796 shares of the company's stock worth $4,818,000 after purchasing an additional 27,462 shares during the last quarter. MFG Wealth Management Inc. acquired a new stake in NuScale Power during the 2nd quarter worth $1,829,000. Castle Rock Wealth Management LLC acquired a new stake in NuScale Power during the 2nd quarter worth $352,000. Finally, Swedbank AB boosted its stake in NuScale Power by 6.7% during the 1st quarter. Swedbank AB now owns 2,402,125 shares of the company's stock worth $34,014,000 after purchasing an additional 149,875 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company's stock.

Insider Buying and Selling

In other NuScale Power news, Director Corp Fluor sold 2,372,563 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $43.99, for a total value of $104,369,046.37. Following the transaction, the director owned 10,085,344 shares of the company's stock, valued at $443,654,282.56. This represents a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 15,048,847 shares of company stock valued at $606,761,579 over the last 90 days. Corporate insiders own 1.27% of the company's stock.

NuScale Power Trading Down 3.3%

Shares of SMR stock opened at $39.29 on Friday. The company's 50-day moving average price is $37.96 and its 200-day moving average price is $32.21. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of -33.02 and a beta of 2.02. NuScale Power Corporation has a twelve month low of $11.08 and a twelve month high of $53.50.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The firm had revenue of $8.05 million for 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%. As a group, equities research analysts predict that NuScale Power Corporation will post -0.73 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on SMR. BNP Paribas raised shares of NuScale Power to a "hold" rating in a research note on Friday, July 25th. Canaccord Genuity Group lifted their target price on shares of NuScale Power from $44.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Northland Capmk raised shares of NuScale Power to a "hold" rating in a research note on Monday, July 7th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of NuScale Power in a research note on Wednesday. Finally, UBS Group boosted their price target on shares of NuScale Power from $34.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, August 11th. Three equities 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. Based on data from MarketBeat, NuScale Power presently has a consensus rating of "Hold" and an average target price of $36.67.

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.

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