Cadent Capital Advisors LLC Acquires 7,000 Shares of NuScale Power Corporation $SMR

Key Points

• Cadent Capital Advisors LLC increased its stake in NuScale Power Corporation by 30.5%, acquiring an additional 7,000 shares, bringing its total holdings to 29,963 shares valued at approximately $1.19 million.
• Institutional investors now own 78.37% of NuScale Power's stock, with other major players, such as Vanguard Group and UBS, significantly increasing their stakes in recent quarters.
• Despite the interest from investors, NuScale Power's stock has seen a decline of 5.2%, with a recent earnings miss and a stock price of $37.60 as of the latest reporting.

Cadent Capital Advisors LLC grew its stake in NuScale Power Corporation (NYSE:SMR - Free Report) by 30.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,963 shares of the company's stock after acquiring an additional 7,000 shares during the period. Cadent Capital Advisors LLC's holdings in NuScale Power were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in NuScale Power by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company's stock worth $126,598,000 after purchasing an additional 512,618 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NuScale Power by 20.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company's stock worth $96,880,000 after buying an additional 1,153,158 shares in the last quarter. Swedbank AB grew its stake in shares of 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 acquiring an additional 149,875 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NuScale Power by 1,220.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company's stock worth $26,127,000 after acquiring an additional 1,705,411 shares in the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of NuScale Power during the 1st quarter worth approximately $14,271,000. 78.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

SMR has been the subject of a number of analyst reports. Northland Securities initiated coverage on shares of NuScale Power in a research report on Monday, July 7th. They issued a "market perform" rating and a $35.00 target price for the company. UBS Group lifted their price target on NuScale Power from $34.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, August 11th. BNP Paribas raised shares of NuScale Power to a "hold" rating in a report on Friday, July 25th. BTIG Research downgraded NuScale Power from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 25th. Finally, Canaccord Genuity Group boosted their price target 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 and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $36.09.

NuScale Power Stock Down 5.2%

Shares of NYSE SMR opened at $37.60 on Friday. The company has a market capitalization of $10.71 billion, a PE ratio of -31.60 and a beta of 2.03. The firm has a fifty day simple moving average of $40.13 and a 200 day simple moving average of $30.58. NuScale Power Corporation has a twelve month low of $10.71 and a twelve month high of $53.50.

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

Insider Buying and Selling at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 30,641 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $35.59, for a total transaction of $1,090,513.19. Following the completion of the transaction, the chief financial officer directly owned 46,283 shares of the company's stock, valued at $1,647,211.97. This represents a 39.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Carl M. Fisher sold 18,206 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $44.39, for a total value of $808,164.34. Following the transaction, the chief operating officer directly owned 90,864 shares of the company's stock, valued at approximately $4,033,452.96. This trade represents a 16.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,158,260 shares of company stock worth $298,578,328 in the last quarter. 1.27% of the stock is currently owned by company 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.

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