Gotham Asset Management LLC Decreases Position in NuScale Power Co. (NYSE:SMR)

Gotham Asset Management LLC lowered its stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 32.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,934 shares of the company's stock after selling 23,353 shares during the quarter. Gotham Asset Management LLC's holdings in NuScale Power were worth $859,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SMR. CoreCap Advisors LLC bought a new stake in shares of NuScale Power in the fourth quarter valued at $33,000. Venturi Wealth Management LLC raised its stake in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after purchasing an additional 1,500 shares during the period. Toth Financial Advisory Corp raised its stake in shares of NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after purchasing an additional 1,800 shares during the period. Twin Tree Management LP bought a new stake in shares of NuScale Power during the 4th quarter valued at $42,000. Finally, Amalgamated Bank raised its stake in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after purchasing an additional 986 shares during the period. Institutional investors own 78.37% of the company's stock.

Insider Buying and Selling at NuScale Power

In other news, CEO John Lawrence Hopkins sold 26,345 shares of the company'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the completion of the sale, the vice president now owns 1,149 shares in the company, valued at $16,683.48. This represents a 95.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,392 shares of company stock valued at $3,138,221. 1.27% of the stock is owned by company insiders.

NuScale Power Stock Up 19.6%

Shares of NYSE:SMR traded up $4.96 during trading on Friday, hitting $30.28. The stock had a trading volume of 48,756,855 shares, compared to its average volume of 8,840,818. NuScale Power Co. has a 12 month low of $6.61 and a 12 month high of $32.30. The company has a market capitalization of $8.61 billion, a PE ratio of -31.88 and a beta of 1.62. The firm's fifty day moving average is $17.52 and its 200 day moving average is $20.41. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The company had revenue of $13.38 million during the quarter, compared to analyst estimates of $1.46 million. Analysts anticipate that NuScale Power Co. will post -0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SMR shares. The Goldman Sachs Group set a $24.00 price objective on NuScale Power and gave the company a "neutral" rating in a research note on Tuesday. UBS Group decreased their target price on NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, BTIG Research restated a "buy" rating on shares of NuScale Power in a research note 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 company's stock. According to data from MarketBeat, NuScale Power has an average rating of "Moderate Buy" and a consensus target price of $17.83.

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.