Townsquare Capital LLC Makes New $307,000 Investment in NuScale Power Corporation $SMR

Key Points

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Townsquare Capital LLC purchased a new position in shares of NuScale Power Corporation (NYSE:SMR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 21,677 shares of the company's stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMR. CoreCap Advisors LLC purchased a new position in NuScale Power during the 4th quarter worth $33,000. NBC Securities Inc. lifted its holdings in NuScale Power by 165,450.0% during the first quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock valued at $46,000 after purchasing an additional 3,309 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in NuScale Power by 16.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company's stock valued at $159,000 after purchasing an additional 1,260 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of NuScale Power during the first quarter valued at about $141,000. Finally, Rakuten Securities Inc. increased its position in shares of NuScale Power by 36.4% during the first quarter. Rakuten Securities Inc. now owns 10,213 shares of the company's stock valued at $145,000 after buying an additional 2,723 shares during the period. Institutional investors own 78.37% of the company's stock.

Insider Transactions at NuScale Power

In related news, COO Carl M. Fisher sold 18,206 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.39, for a total transaction of $808,164.34. Following the completion of the transaction, the chief operating officer owned 90,864 shares in the company, valued at $4,033,452.96. The trade was a 16.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.27% of the stock is currently owned by insiders.

NuScale Power Stock Performance

NYSE:SMR traded up $0.0040 during trading hours on Thursday, reaching $33.7940. The stock had a trading volume of 7,018,065 shares, compared to its average volume of 11,569,983. NuScale Power Corporation has a 52 week low of $6.88 and a 52 week high of $53.50. The company has a 50 day moving average price of $41.09 and a two-hundred day moving average price of $27.63. The stock has a market capitalization of $9.63 billion, a PE ratio of -28.31 and a beta of 2.06.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on SMR shares. CLSA set a $41.00 price objective on shares of NuScale Power and gave the stock an "outperform" rating in a research report on Tuesday, May 27th. Northland Securities started coverage on NuScale Power in a research note on Monday, July 7th. They set a "market perform" rating and a $35.00 price objective for the company. Northland Capmk raised NuScale Power to a "hold" rating in a research note on Monday, July 7th. The Goldman Sachs Group set a $24.00 price objective on NuScale Power and gave the stock a "neutral" rating in a report on Tuesday, May 20th. Finally, Bank of America assumed coverage on NuScale Power in a report on Thursday. They set a "neutral" rating and a $36.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $34.60.

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.