Two Sigma Investments LP Buys 182,928 Shares of NuScale Power Co. (NYSE:SMR)

Two Sigma Investments LP raised its position in shares of NuScale Power Co. (NYSE:SMR - Free Report) by 60.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 487,037 shares of the company's stock after purchasing an additional 182,928 shares during the quarter. Two Sigma Investments LP owned approximately 0.19% of NuScale Power worth $8,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC acquired a new position in NuScale Power in the fourth quarter valued at $33,000. Venturi Wealth Management LLC lifted its stake in shares of NuScale Power by 313.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock valued at $35,000 after purchasing an additional 1,500 shares during the period. Toth Financial Advisory Corp boosted its position in shares of NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after purchasing an additional 1,800 shares in the last quarter. Twin Tree Management LP acquired a new stake in NuScale Power during the fourth quarter worth approximately $42,000. Finally, Amalgamated Bank increased its holdings in NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock worth $52,000 after purchasing an additional 986 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company's stock.

NuScale Power Stock Performance

Shares of SMR stock traded down $1.18 during trading on Friday, hitting $31.81. The company's stock had a trading volume of 6,862,110 shares, compared to its average volume of 9,034,599. The business has a fifty day moving average of $18.73 and a 200-day moving average of $20.71. The company has a market cap of $9.05 billion, a PE ratio of -33.63 and a beta of 1.62. NuScale Power Co. has a 52 week low of $6.61 and a 52 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 announced its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.06. The firm had revenue of $13.38 million during the quarter, compared to analyst estimates of $1.46 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. As a group, research analysts anticipate that NuScale Power Co. will post -0.73 earnings per share for the current year.

Insider Buying and Selling

In other NuScale Power news, CEO John Lawrence Hopkins sold 34,675 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $17.00, for a total transaction of $589,475.00. Following the sale, the chief executive officer now directly owns 49,019 shares of the company's stock, valued at $833,323. This represents a 41.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Clayton Scott sold 10,019 shares of NuScale Power stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $16.78, for a total transaction of $168,118.82. Following the completion of the transaction, the insider now owns 86,965 shares of the company's stock, valued at $1,459,272.70. The trade was a 10.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,392 shares of company stock worth $3,138,221. Insiders own 1.27% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. BTIG Research reiterated a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. The Goldman Sachs Group set a $24.00 target price on 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 objective on NuScale Power and gave the company a "buy" rating in a research note on Thursday. UBS Group boosted their target price on shares of NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, CLSA set a $41.00 target price on NuScale Power and gave the company an "outperform" rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.00.

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.