Cookson Peirce & Co. Inc. Acquires 9,307 Shares of NuScale Power Corporation (NYSE:SMR)

Cookson Peirce & Co. Inc. lifted its holdings in NuScale Power Corporation (NYSE:SMR - Free Report) by 20.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,926 shares of the company's stock after buying an additional 9,307 shares during the period. Cookson Peirce & Co. Inc.'s holdings in NuScale Power were worth $764,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of NuScale Power by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company's stock worth $126,598,000 after buying an additional 512,618 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NuScale Power by 1.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company's stock valued at $101,998,000 after purchasing an additional 89,949 shares during the last quarter. Samsung C&T Corp bought a new position in NuScale Power during the 4th quarter valued at about $46,745,000. Geode Capital Management LLC grew its holdings in NuScale Power by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock valued at $35,249,000 after purchasing an additional 135,613 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in NuScale Power during the 1st quarter valued at about $14,271,000. 78.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NuScale Power news, COO Carl M. Fisher sold 18,206 shares of the company's stock in a transaction dated 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 in the company, valued at $4,033,452.96. This represents a 16.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.27% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SMR has been the topic of several analyst reports. BNP Paribas Exane initiated coverage on shares of NuScale Power in a report on Friday, July 25th. They set a "neutral" rating and a $41.00 price target on the stock. BTIG Research downgraded shares of NuScale Power from a "buy" rating to a "neutral" rating in a report on Wednesday, June 25th. Northland Capmk upgraded shares of NuScale Power to a "hold" rating in a report on Monday, July 7th. BNP Paribas upgraded shares of NuScale Power to a "hold" rating in a report on Friday, July 25th. Finally, 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, May 20th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $34.44.

NuScale Power Price Performance

Shares of SMR stock opened at $35.91 on Friday. The company has a market capitalization of $10.21 billion, a P/E ratio of -30.18 and a beta of 2.06. The company's 50-day simple moving average is $41.28 and its two-hundred day simple moving average is $27.31. NuScale Power Corporation has a one year low of $6.88 and a one year 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 company had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%. On average, research analysts expect that NuScale Power Corporation will post -0.73 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.