Kaizen Financial Strategies Invests $204,000 in NuScale Power Co. (NYSE:SMR)

Kaizen Financial Strategies acquired a new stake in NuScale Power Co. (NYSE:SMR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,441 shares of the company's stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new position in NuScale Power in the 4th quarter valued at approximately $202,000. Kingswood Wealth Advisors LLC bought a new position in NuScale Power in the 4th quarter valued at $265,000. KBC Group NV bought a new stake in shares of NuScale Power during the 4th quarter worth $70,000. Caprock Group LLC bought a new stake in shares of NuScale Power during the 4th quarter worth $1,314,000. Finally, Clear Creek Financial Management LLC lifted its holdings in shares of NuScale Power by 93.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 22,442 shares of the company's stock worth $402,000 after acquiring an additional 10,830 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company's stock.

Insider Transactions at NuScale Power

In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the transaction, the chief financial officer now owns 29,985 shares in the company, valued at $470,764.50. This trade represents a 51.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jacqueline F. Engel sold 1,565 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $16.94, for a total transaction of $26,511.10. Following the transaction, the vice president now owns 1,218 shares of the company's stock, valued at $20,632.92. This trade represents a 56.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,392 shares of company stock valued at $3,138,221 over the last three months. Corporate insiders own 1.27% of the company's stock.

NuScale Power Stock Performance

Shares of SMR traded up $0.07 during mid-day trading on Monday, hitting $32.06. 10,578,225 shares of the company traded hands, compared to its average volume of 9,099,446. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a 50-day moving average price of $19.00 and a two-hundred day moving average price of $20.72. NuScale Power Co. has a 1 year low of $6.61 and a 1 year high of $36.85. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of -33.75 and a beta of 1.62.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SMR. The Goldman Sachs Group set a $24.00 target price on shares of NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Canaccord Genuity Group set a $35.00 price target on shares of NuScale Power and gave the company a "buy" rating in a research report on Thursday. CLSA set a $41.00 price target on shares of NuScale Power and gave the company an "outperform" rating in a research report on Tuesday, May 27th. BTIG Research reissued a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. Finally, UBS Group upped their target price on shares of NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, NuScale Power currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

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.