TB Alternative Assets Ltd. Makes New Investment in NuScale Power Co. (NYSE:SMR)

TB Alternative Assets Ltd. acquired a new position in NuScale Power Co. (NYSE:SMR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 419,363 shares of the company's stock, valued at approximately $5,938,000. NuScale Power comprises approximately 1.4% of TB Alternative Assets Ltd.'s portfolio, making the stock its 21st biggest holding. TB Alternative Assets Ltd. owned 0.15% of NuScale Power as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock worth $151,113,000 after acquiring an additional 635,271 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NuScale Power by 1.6% in 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 acquiring an additional 89,949 shares during the last quarter. Samsung C&T Corp bought a new stake in NuScale Power in the 4th quarter worth approximately $46,745,000. Geode Capital Management LLC increased its stake in NuScale Power by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock worth $35,249,000 after acquiring an additional 135,613 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in NuScale Power by 41.4% in the 4th quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock worth $31,317,000 after acquiring an additional 511,168 shares during the last quarter. Institutional investors own 78.37% of the company's stock.

Insider Activity at NuScale Power

In related news, VP Jacqueline F. Engel sold 1,565 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $16.94, for a total transaction of $26,511.10. Following the completion of the transaction, the vice president now owns 1,218 shares in the company, valued at $20,632.92. The trade was a 56.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Lawrence Hopkins sold 26,345 shares of the business's stock in a transaction on Thursday, May 15th. The shares were 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. Insiders sold a total of 128,278 shares of company stock worth $2,286,280 in the last quarter. 1.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group set a $24.00 price objective on NuScale Power and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. UBS Group boosted their target price on NuScale Power from $17.00 to $34.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Canaccord Genuity Group set a $35.00 target price on NuScale Power and gave the company a "buy" rating in a research report on Thursday, May 29th. CLSA set a $41.00 target price on NuScale Power and gave the company an "outperform" rating in a research report on Tuesday, May 27th. Finally, BTIG Research reissued a "buy" rating on shares of NuScale Power in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, NuScale Power has an average rating of "Moderate Buy" and an average price target of $27.00.

NuScale Power Price Performance

SMR opened at $34.40 on Friday. The business has a fifty day moving average of $20.67 and a 200 day moving average of $20.97. NuScale Power Co. has a 52-week low of $6.88 and a 52-week high of $36.85. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The stock has a market cap of $9.78 billion, a P/E ratio of -36.21 and a beta of 2.00.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $13.38 million during the quarter, compared to analysts' expectations of $1.46 million. As a group, sell-side analysts anticipate that NuScale Power Co. will post -0.73 EPS for the current year.

About NuScale Power

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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