Sherbrooke Park Advisers LLC Purchases New Position in NuScale Power Co. (NYSE:SMR)

Sherbrooke Park Advisers LLC purchased a new stake in NuScale Power Co. (NYSE:SMR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,446 shares of the company's stock, valued at approximately $241,000.

A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock valued at $151,113,000 after purchasing an additional 635,271 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NuScale Power by 1.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company's stock worth $101,998,000 after buying an additional 89,949 shares during the period. Samsung C&T Corp purchased a new stake in NuScale Power during the fourth quarter worth $46,745,000. Geode Capital Management LLC lifted its holdings in NuScale Power by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock worth $35,249,000 after buying an additional 135,613 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in NuScale Power by 41.4% during the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock worth $31,317,000 after buying an additional 511,168 shares during the period. Hedge funds and other institutional investors own 78.37% of the company's stock.

NuScale Power Stock Performance

Shares of SMR stock opened at $24.54 on Tuesday. The business's fifty day simple moving average is $16.80 and its 200-day simple moving average is $20.24. The company has a market cap of $6.98 billion, a PE ratio of -25.83 and a beta of 1.62. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 12-month low of $6.37 and a 12-month high of $32.30.

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, topping analysts' consensus estimates of ($0.17) by $0.06. The business had revenue of $13.38 million for the quarter, compared to the consensus estimate of $1.46 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. Analysts expect that NuScale Power Co. will post -0.73 earnings per share for the current fiscal year.

Insider Transactions at NuScale Power

In related news, VP Jacqueline F. Engel sold 24,618 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the transaction, the vice president now directly owns 1,149 shares of the company's stock, valued at $16,683.48. This represents a 95.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total value of $494,487.20. Following the completion of the transaction, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $470,764.50. The trade was a 51.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,392 shares of company stock valued at $3,138,221. Corporate insiders own 1.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SMR. BTIG Research restated a "buy" rating on shares of NuScale Power in a report on Tuesday, May 13th. UBS Group lowered 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, NuScale Power currently has an average rating of "Moderate Buy" and an average price target of $16.60.

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.

Want to see what other hedge funds are holding SMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NuScale Power Co. (NYSE:SMR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.