JT Stratford LLC Reduces Position in NuScale Power Co. (NYSE:SMR)

JT Stratford LLC lowered its stake in NuScale Power Co. (NYSE:SMR - Free Report) by 38.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 72,765 shares of the company's stock after selling 45,993 shares during the quarter. JT Stratford LLC's holdings in NuScale Power were worth $1,305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMR. Samsung C&T Corp bought a new stake in NuScale Power in the fourth quarter valued at approximately $46,745,000. Arrowstreet Capital Limited Partnership bought a new position in shares of NuScale Power during the fourth quarter valued at approximately $22,823,000. Vanguard Group Inc. raised its holdings in shares of NuScale Power by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock valued at $151,113,000 after acquiring an additional 635,271 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of NuScale Power by 41.4% during the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock valued at $31,317,000 after acquiring an additional 511,168 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of NuScale Power during the fourth quarter valued at approximately $7,628,000. Institutional investors own 78.37% of the company's stock.

Insider Buying and Selling

In other news, CEO John Lawrence Hopkins sold 34,675 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 49,019 shares of the company's stock, valued at approximately $833,323. This represents a 41.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the sale, the insider now directly owns 86,965 shares in the company, 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 184,392 shares of company stock valued at $3,138,221 over the last ninety days. Company insiders own 1.27% of the company's stock.

Wall Street Analyst Weigh In

SMR has been the subject of a number of recent analyst reports. UBS Group decreased their target price on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. The Goldman Sachs Group set a $24.00 target price on NuScale Power and gave the company a "neutral" rating in a report on Tuesday, May 20th. Finally, BTIG Research restated a "buy" rating on shares of NuScale Power in a report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.83.

NuScale Power Stock Up 19.6%

SMR stock traded up $4.96 during midday trading on Friday, hitting $30.28. The stock had a trading volume of 48,756,855 shares, compared to its average volume of 8,854,771. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of -31.88 and a beta of 1.62. The business has a 50-day moving average of $17.52 and a two-hundred day moving average of $20.41. NuScale Power Co. has a 52-week low of $6.61 and a 52-week high of $32.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.06. The company had revenue of $13.38 million for the quarter, compared to analysts' expectations of $1.46 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. As a group, equities research analysts forecast that NuScale Power Co. will post -0.73 earnings per share 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.