Balyasny Asset Management L.P. Invests $200,000 in NuScale Power Co. (NYSE:SMR)

Balyasny Asset Management L.P. purchased a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,161 shares of the company's stock, valued at approximately $200,000.

Several other institutional investors have also modified their holdings of the company. Baird Financial Group Inc. grew its position in NuScale Power by 0.7% in the 4th quarter. Baird Financial Group Inc. now owns 400,055 shares of the company's stock valued at $7,173,000 after buying an additional 2,954 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in NuScale Power in the 4th quarter valued at about $4,273,000. Ameriprise Financial Inc. lifted its holdings in NuScale Power by 34.1% in the 4th quarter. Ameriprise Financial Inc. now owns 52,612 shares of the company's stock valued at $943,000 after acquiring an additional 13,373 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in NuScale Power in the 4th quarter valued at about $7,628,000. Finally, Northern Trust Corp lifted its holdings in NuScale Power by 20.3% in the 4th quarter. Northern Trust Corp now owns 801,193 shares of the company's stock valued at $14,365,000 after acquiring an additional 135,178 shares during the last quarter. Institutional investors own 78.37% of the company's stock.

Insider Transactions at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the transaction, the chief financial officer now owns 29,985 shares of the company's stock, valued at approximately $470,764.50. This trade represents a 51.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the transaction, the chief technology officer now directly owns 516,207 shares in the company, valued at approximately $7,810,211.91. The trade was a 6.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,392 shares of company stock valued at $3,138,221 over the last three months. 1.27% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group set a $24.00 price target on shares of NuScale Power and gave the company a "neutral" rating in a report on Tuesday. UBS Group cut their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Finally, BTIG Research reissued a "buy" rating on shares of NuScale Power in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.83.

NuScale Power Trading Up 19.6%

Shares of SMR traded up $4.96 during midday trading on Friday, hitting $30.28. The stock had a trading volume of 48,756,855 shares, compared to its average volume of 8,854,771. NuScale Power Co. has a fifty-two week low of $6.61 and a fifty-two week high of $32.30. The business has a 50-day simple moving average of $17.52 and a two-hundred day simple moving average of $20.41. The firm has a market cap of $8.61 billion, a P/E ratio of -31.88 and a beta of 1.62. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

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

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.