Jump Financial LLC Purchases New Holdings in NuScale Power Corporation $SMR

Key Points

• Jump Financial LLC acquired 108,405 shares of NuScale Power Corporation, valued at approximately $1.5 million, during the 1st quarter, signaling growing institutional interest in the company.
• NuScale Power's stock has experienced fluctuations, with a 12-month high of $53.50 and a recent opening price of $36.59, reflecting a volatile market position.
• Analyst ratings for NuScale Power show three "Buy" recommendations and nine "Hold" ratings, indicating varied opinions on future performance, with a consensus price target of $34.60.

Jump Financial LLC purchased a new position in shares of NuScale Power Corporation (NYSE:SMR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 108,405 shares of the company's stock, valued at approximately $1,535,000.

Several other institutional investors and hedge funds have also modified their holdings of SMR. Quantbot Technologies LP purchased a new position in shares of NuScale Power during the 1st quarter worth $27,000. CoreCap Advisors LLC purchased a new position in shares of NuScale Power during the 4th quarter worth $33,000. NBC Securities Inc. boosted its stake in shares of NuScale Power by 165,450.0% during the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock worth $46,000 after acquiring an additional 3,309 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of NuScale Power during the 1st quarter worth $50,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of NuScale Power during the 1st quarter worth $141,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

Insiders Place Their Bets

In other news, COO Carl M. Fisher sold 18,206 shares of the business'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 sale, the chief operating officer directly owned 90,864 shares in the company, valued at $4,033,452.96. The trade was a 16.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert Ramsey Hamady sold 30,641 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $35.59, for a total transaction of $1,090,513.19. Following the completion of the sale, the chief financial officer owned 46,283 shares in the company, valued at approximately $1,647,211.97. This trade represents a 39.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.27% of the company's stock.

NuScale Power Stock Down 5.1%

NYSE SMR traded down $1.86 on Friday, reaching $34.62. The company had a trading volume of 8,478,735 shares, compared to its average volume of 12,817,744. The stock has a market capitalization of $9.86 billion, a PE ratio of -29.09 and a beta of 2.06. The firm's 50 day moving average price is $40.51 and its 200 day moving average price is $28.14. NuScale Power Corporation has a 12 month low of $6.88 and a 12 month high of $53.50.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (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 negative net margin of 221.07% and a positive return on equity of 2.61%. On average, research analysts expect that NuScale Power Corporation will post -0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of NuScale Power in a research note on Thursday, August 21st. They set a "neutral" rating and a $36.00 price target on the stock. BNP Paribas upgraded NuScale Power to a "hold" rating in a research note on Friday, July 25th. Northland Capmk raised NuScale Power to a "hold" rating in a report on Monday, July 7th. Citigroup assumed coverage on NuScale Power in a report on Monday, June 23rd. They set a "neutral" rating and a $46.00 price target on the stock. Finally, Northland Securities assumed coverage on NuScale Power in a report on Monday, July 7th. They set a "market perform" rating and a $35.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NuScale Power has a consensus rating of "Hold" and a consensus price target of $34.60.

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.