GAMMA Investing LLC Has $218,000 Stock Position in NuScale Power Corporation (NYSE:SMR)

GAMMA Investing LLC lifted its stake in NuScale Power Corporation (NYSE:SMR - Free Report) by 5,590.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,364 shares of the company's stock after acquiring an additional 15,094 shares during the period. GAMMA Investing LLC's holdings in NuScale Power were worth $218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock worth $151,113,000 after acquiring an additional 635,271 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 worth $101,998,000 after buying an additional 89,949 shares in the last quarter. Samsung C&T Corp acquired a new stake in NuScale Power during the fourth quarter worth $46,745,000. Geode Capital Management LLC boosted its stake in NuScale Power by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock worth $35,249,000 after buying an additional 135,613 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in NuScale Power during the fourth quarter worth $22,823,000. Institutional investors and hedge funds own 78.37% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BTIG Research reiterated a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. Canaccord Genuity Group set a $35.00 price target on shares of NuScale Power and gave the stock a "buy" rating in a research note on Thursday, May 29th. UBS Group lifted their price target on shares of NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. CLSA set a $41.00 price target on shares of NuScale Power and gave the stock an "outperform" rating in a research note on Tuesday, May 27th. Finally, The Goldman Sachs Group set a $24.00 price target on shares of NuScale Power and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, NuScale Power presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Insider Activity at NuScale Power

In related news, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the transaction, the chief technology officer now directly owns 516,207 shares of the company's stock, valued at $7,810,211.91. The trade was a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John Lawrence Hopkins sold 26,345 shares of the business's 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 disclosure for this sale can be found here. Insiders sold 128,278 shares of company stock valued at $2,286,280 over the last ninety days. 1.27% of the stock is owned by insiders.

NuScale Power Stock Performance

Shares of NYSE:SMR opened at $37.24 on Friday. NuScale Power Corporation has a 52 week low of $6.88 and a 52 week high of $45.31. The company's fifty day moving average is $25.52 and its 200-day moving average is $21.76. The company has a market capitalization of $10.59 billion, a PE ratio of -27.18 and a beta of 2.00.

NuScale Power (NYSE:SMR - Get Free Report) last released 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. NuScale Power had a positive return on equity of 0.09% and a negative net margin of 273.36%. The business had revenue of $13.38 million during the quarter, compared to analysts' expectations of $1.46 million. On average, analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current year.

About NuScale Power

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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