Southland Equity Partners LLC Makes New $333,000 Investment in NuScale Power Corporation $SMR

Key Points

• Southland Equity Partners LLC has made a new investment of approximately $333,000 in NuScale Power Corporation, acquiring 8,417 shares of the company's stock in the second quarter.
• NuScale Power recently reported quarterly earnings, missing analyst expectations with an EPS of ($0.13) and revenue of $8.05 million, compared to estimates of $10.49 million.
• Several institutional investors, including Vanguard Group Inc. and UBS AM, have increased their stakes in NuScale Power, reflecting growing confidence in the company's potential.

Southland Equity Partners LLC bought a new position in NuScale Power Corporation (NYSE:SMR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,417 shares of the company's stock, valued at approximately $333,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of NuScale Power by 6.1% in the first quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company's stock worth $126,598,000 after buying an additional 512,618 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NuScale Power by 20.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company's stock worth $96,880,000 after buying an additional 1,153,158 shares during the period. Swedbank AB boosted its position in shares of NuScale Power by 6.7% in the first quarter. Swedbank AB now owns 2,402,125 shares of the company's stock worth $34,014,000 after buying an additional 149,875 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of NuScale Power by 1,220.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company's stock worth $26,127,000 after buying an additional 1,705,411 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of NuScale Power in the first quarter worth about $14,271,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

NuScale Power Price Performance

SMR opened at $46.52 on Friday. NuScale Power Corporation has a 12 month low of $9.71 and a 12 month high of $53.50. The stock has a market cap of $13.25 billion, a P/E ratio of -39.09 and a beta of 2.03. The stock's 50 day moving average price is $40.42 and its 200 day moving average price is $29.98.

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

Insider Transactions at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 30,641 shares of the firm's stock in a transaction on 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 directly owned 46,283 shares of the company's stock, valued at $1,647,211.97. This trade represents a 39.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Carl M. Fisher sold 18,206 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was 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 of the company's stock, valued at approximately $4,033,452.96. This represents a 16.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,590,940 shares of company stock valued at $97,907,007 in the last three months. 1.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SMR. Citigroup began coverage on NuScale Power in a report on Monday, June 23rd. They issued a "neutral" rating and a $46.00 price target for the company. Northland Securities began coverage on NuScale Power in a report on Monday, July 7th. They issued a "market perform" rating and a $35.00 price target for the company. BNP Paribas Exane began coverage on NuScale Power in a report on Friday, July 25th. They set a "neutral" rating and a $41.00 target price on the stock. BTIG Research downgraded NuScale Power from a "buy" rating to a "neutral" rating in a report on Wednesday, June 25th. Finally, BNP Paribas raised NuScale Power to a "hold" rating in a report on Friday, July 25th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $36.09.

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.

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