Tema Etfs LLC Takes Position in NuScale Power Co. (NYSE:SMR)

Tema Etfs LLC acquired a new stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,456 shares of the company's stock, valued at approximately $277,000.

Other institutional investors also recently modified their holdings of the company. Sherbrooke Park Advisers LLC purchased a new position in NuScale Power during the 4th quarter valued at about $241,000. ProShare Advisors LLC grew its position in shares of NuScale Power by 59.4% in the 4th quarter. ProShare Advisors LLC now owns 23,860 shares of the company's stock worth $428,000 after buying an additional 8,895 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of NuScale Power by 3.9% in the 4th quarter. Nuveen Asset Management LLC now owns 202,479 shares of the company's stock worth $3,630,000 after buying an additional 7,522 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of NuScale Power by 1.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company's stock valued at $101,998,000 after buying an additional 89,949 shares during the period. Finally, Moore Capital Management LP bought a new position in shares of NuScale Power during the fourth quarter valued at approximately $448,000. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SMR has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of NuScale Power in a report on Tuesday. They issued a "neutral" rating and a $24.00 price target on the stock. BTIG Research reaffirmed a "buy" rating on shares of NuScale Power in a research report on Tuesday, May 13th. Finally, UBS Group cut their target price on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.83.

Insider Activity

In other news, CEO John Lawrence Hopkins sold 26,345 shares of NuScale Power stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $23.66, for a total value of $623,322.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Clayton Scott sold 10,019 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $16.78, for a total transaction of $168,118.82. Following the sale, the insider now owns 86,965 shares of the company's stock, valued at approximately $1,459,272.70. This represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 184,392 shares of company stock worth $3,138,221. Insiders own 1.27% of the company's stock.

NuScale Power Stock Up 6.5%

SMR stock traded up $1.56 during midday trading on Thursday, hitting $25.43. The stock had a trading volume of 10,941,480 shares, compared to its average volume of 8,645,132. The business has a 50-day moving average of $17.09 and a two-hundred day moving average of $20.29. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of -26.77 and a beta of 1.62. NuScale Power Co. has a 52-week low of $6.61 and a 52-week high of $32.30.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06. The company had revenue of $13.38 million during the quarter, compared to analysts' expectations of $1.46 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. As a group, equities research analysts forecast that NuScale Power Co. will post -0.73 earnings per share for the current fiscal year.

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.