NuScale Power Corporation (NYSE:SMR) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its position in shares of NuScale Power Corporation (NYSE:SMR - Free Report) by 31.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,098 shares of the company's stock after acquiring an additional 46,744 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.07% of NuScale Power worth $2,734,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Evanson Asset Management LLC boosted its position in shares of NuScale Power by 36.4% during the 1st quarter. Evanson Asset Management LLC now owns 15,000 shares of the company's stock worth $212,000 after acquiring an additional 4,000 shares in the last quarter. Private Wealth Partners LLC purchased a new stake in NuScale Power during the first quarter worth approximately $234,000. Cadent Capital Advisors LLC acquired a new position in NuScale Power in the first quarter valued at approximately $325,000. Kingswood Wealth Advisors LLC increased its stake in NuScale Power by 145.5% in the first quarter. Kingswood Wealth Advisors LLC now owns 36,286 shares of the company's stock valued at $514,000 after purchasing an additional 21,507 shares during the last quarter. Finally, Rakuten Securities Inc. increased its stake in NuScale Power by 36.4% in the first quarter. Rakuten Securities Inc. now owns 10,213 shares of the company's stock valued at $145,000 after purchasing an additional 2,723 shares during the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SMR. The Goldman Sachs Group set a $24.00 price objective on shares of NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Citigroup initiated coverage on shares of NuScale Power in a research note on Monday, June 23rd. They set a "neutral" rating and a $46.00 price target on the stock. CLSA set a $41.00 price target on shares of NuScale Power and gave the company an "outperform" rating in a research report on Tuesday, May 27th. BTIG Research downgraded shares of NuScale Power from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 25th. Finally, Canaccord Genuity Group set a $35.00 price objective on NuScale Power and gave the stock a "buy" rating in a report on Thursday, May 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, NuScale Power currently has a consensus rating of "Hold" and an average target price of $31.57.

NuScale Power Trading Up 1.8%

Shares of NuScale Power stock traded up $0.64 during trading on Wednesday, reaching $36.76. The company's stock had a trading volume of 1,046,691 shares, compared to its average volume of 9,842,967. The company has a 50-day moving average price of $28.88 and a two-hundred day moving average price of $22.52. NuScale Power Corporation has a fifty-two week low of $6.88 and a fifty-two week high of $45.31. The firm has a market cap of $10.45 billion, a PE ratio of -26.90 and a beta of 2.04.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.06. NuScale Power had a negative net margin of 273.36% and a positive return on equity of 0.09%. The company had revenue of $13.38 million for the quarter, compared to the consensus estimate of $1.46 million. On average, analysts predict that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO John Lawrence Hopkins sold 34,675 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $17.00, for a total value of $589,475.00. Following the transaction, the chief executive officer owned 49,019 shares of the company's stock, valued at approximately $833,323. The trade was a 41.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Clayton Scott sold 10,019 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $16.78, for a total value of $168,118.82. Following the sale, the insider directly owned 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. Insiders have sold a total of 95,278 shares of company stock valued at $1,786,990 over the last quarter. 1.96% of the stock is currently owned by insiders.

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.