Two Sigma Advisers LP Buys Shares of 112,536 NuScale Power Co. (NYSE:SMR)

Two Sigma Advisers LP purchased a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 112,536 shares of the company's stock, valued at approximately $2,018,000.

Several other large investors have also recently added to or reduced their stakes in SMR. Janney Montgomery Scott LLC purchased a new position in NuScale Power during the fourth quarter worth about $202,000. Kingswood Wealth Advisors LLC purchased a new position in NuScale Power during the fourth quarter worth about $265,000. Union Bancaire Privee UBP SA purchased a new position in NuScale Power during the fourth quarter worth about $67,000. KBC Group NV purchased a new position in NuScale Power during the fourth quarter worth about $70,000. Finally, Caprock Group LLC purchased a new position in NuScale Power during the fourth quarter worth about $1,314,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

NuScale Power Trading Down 6.5%

Shares of SMR traded down $2.32 during mid-day trading on Thursday, reaching $33.05. The company had a trading volume of 20,717,816 shares, compared to its average volume of 9,040,994. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of -34.79 and a beta of 1.62. The firm has a fifty day simple moving average of $18.45 and a 200-day simple moving average of $20.65. NuScale Power Co. has a fifty-two week low of $6.61 and a fifty-two week high of $36.85. 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 (NYSE:SMR - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.11) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The business had revenue of $13.38 million for the quarter, compared to the consensus estimate of $1.46 million. On average, sell-side analysts anticipate that NuScale Power Co. will post -0.73 EPS for the current fiscal year.

Insider Activity

In related news, CEO John Lawrence Hopkins sold 26,345 shares of NuScale Power stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $23.66, for a total transaction of $623,322.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the sale, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. This trade represents a 95.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 184,392 shares of company stock valued at $3,138,221. Company insiders own 1.27% of the company's stock.

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.