Polar Asset Management Partners Inc. Sells 173,200 Shares of NuScale Power Co. (NYSE:SMR)

Polar Asset Management Partners Inc. trimmed its stake in NuScale Power Co. (NYSE:SMR - Free Report) by 91.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,747 shares of the company's stock after selling 173,200 shares during the period. Polar Asset Management Partners Inc.'s holdings in NuScale Power were worth $300,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SMR. ProShare Advisors LLC increased its holdings in shares of NuScale Power by 59.4% during the 4th quarter. ProShare Advisors LLC now owns 23,860 shares of the company's stock worth $428,000 after purchasing an additional 8,895 shares during the period. Nuveen Asset Management LLC raised its holdings in NuScale Power by 3.9% in the 4th quarter. Nuveen Asset Management LLC now owns 202,479 shares of the company's stock valued at $3,630,000 after acquiring an additional 7,522 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NuScale Power by 1.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company's stock worth $101,998,000 after purchasing an additional 89,949 shares in the last quarter. Moore Capital Management LP acquired a new stake in shares of NuScale Power during the 4th quarter worth approximately $448,000. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of NuScale Power during the fourth quarter valued at approximately $717,000. Institutional investors own 78.37% of the company's stock.

NuScale Power Price Performance

Shares of NuScale Power stock traded up $0.42 during midday trading on Wednesday, reaching $23.90. The company had a trading volume of 11,553,448 shares, compared to its average volume of 8,631,836. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $16.96 and a 200 day simple moving average of $20.26. NuScale Power Co. has a 1-year low of $6.61 and a 1-year high of $32.30. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of -25.16 and a beta of 1.62.

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 (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $13.38 million for the quarter, compared to analyst estimates of $1.46 million. As a group, equities research analysts forecast that NuScale Power Co. will post -0.73 earnings per share for the current year.

Insiders Place Their Bets

In other NuScale Power news, VP Jacqueline F. Engel sold 1,565 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $16.94, for a total value of $26,511.10. Following the completion of the transaction, the vice president now directly owns 1,218 shares of the company's stock, valued at approximately $20,632.92. The trade was a 56.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 26,345 shares of the firm'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 disclosure for this sale can be found here. In the last 90 days, insiders sold 184,392 shares of company stock valued at $3,138,221. Company insiders own 1.27% of the company's stock.

Analyst Ratings Changes

SMR has been the topic of several analyst reports. The Goldman Sachs Group began coverage on NuScale Power in a research note on Tuesday. They issued a "neutral" rating and a $24.00 price objective on the stock. UBS Group dropped their price objective on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, NuScale Power currently has an average rating of "Moderate Buy" and a consensus target price of $17.83.

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.