MGO One Seven LLC Has $1.40 Million Stock Holdings in NuScale Power Corporation $SMR

Key Points

• MGO One Seven LLC significantly increased its stake in NuScale Power by 224.7%, owning 35,374 shares valued at approximately $1.40 million.
• NuScale Power recently reported a quarterly loss of ($0.13) EPS, missing analysts' estimates, with a revenue of $8.05 million for the quarter.
• Institutional investors and hedge funds own 78.37% of NuScale Power's stock, with several firms, including Truist Financial Corp and Cambridge Investment Research, increasing their holdings during the second quarter.

MGO One Seven LLC increased its stake in shares of NuScale Power Corporation (NYSE:SMR - Free Report) by 224.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,374 shares of the company's stock after acquiring an additional 24,479 shares during the period. MGO One Seven LLC's holdings in NuScale Power were worth $1,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truist Financial Corp raised its holdings in shares of NuScale Power by 23.3% during the second quarter. Truist Financial Corp now owns 47,645 shares of the company's stock worth $1,885,000 after acquiring an additional 9,016 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of NuScale Power by 31.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 193,098 shares of the company's stock worth $2,734,000 after acquiring an additional 46,744 shares during the period. Fox Hill Wealth Management raised its holdings in shares of NuScale Power by 29.1% during the second quarter. Fox Hill Wealth Management now owns 121,796 shares of the company's stock worth $4,818,000 after acquiring an additional 27,462 shares during the period. MFG Wealth Management Inc. acquired a new stake in shares of NuScale Power during the second quarter worth $1,829,000. Finally, Castle Rock Wealth Management LLC acquired a new stake in shares of NuScale Power during the second quarter worth $352,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Price Performance

Shares of SMR stock opened at $53.28 on Thursday. The stock has a market cap of $15.18 billion, a P/E ratio of -44.77 and a beta of 2.02. The company has a fifty day moving average price of $38.14 and a two-hundred day moving average price of $32.86. NuScale Power Corporation has a one year low of $11.08 and a one year high of $56.16.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The firm had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. As a group, equities research analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on SMR. BNP Paribas Exane initiated coverage on shares of NuScale Power in a report on Friday, July 25th. They set a "neutral" rating and a $41.00 price objective on the stock. Citigroup initiated coverage on shares of NuScale Power in a research report on Monday, June 23rd. They issued a "neutral" rating and a $46.00 target price for the company. UBS Group raised their target price on shares of NuScale Power from $34.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, August 11th. Barclays initiated coverage on shares of NuScale Power in a research report on Monday, September 29th. They issued an "equal weight" rating and a $45.00 target price for the company. Finally, Bank of America reaffirmed an "underperform" rating and issued a $34.00 target price (down previously from $38.00) on shares of NuScale Power in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, NuScale Power currently has an average rating of "Hold" and an average target price of $36.67.

Insider Buying and Selling

In other NuScale Power news, Director Corp Fluor sold 87,900 shares of the stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total value of $3,479,082.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 15,048,847 shares of company stock valued at $606,761,579 in the last ninety days. Company insiders own 1.27% of the company's stock.

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.

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