NuScale Power Co. (NYSE:SMR) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in NuScale Power Co. (NYSE:SMR - Free Report) by 60.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 139,705 shares of the company's stock after selling 212,072 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.05% of NuScale Power worth $2,505,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Voloridge Investment Management LLC purchased a new stake in NuScale Power during the fourth quarter worth $1,766,000. Two Sigma Advisers LP acquired a new position in NuScale Power in the 4th quarter worth approximately $2,018,000. Two Sigma Investments LP increased its holdings in NuScale Power by 60.2% in the 4th quarter. Two Sigma Investments LP now owns 487,037 shares of the company's stock worth $8,733,000 after buying an additional 182,928 shares during the period. Tema Etfs LLC purchased a new position in shares of NuScale Power during the 4th quarter valued at about $277,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of NuScale Power during the 4th quarter valued at about $241,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

Wall Street Analysts Forecast Growth

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

NuScale Power Trading Up 2.9%

NYSE:SMR traded up $1.00 during trading hours on Monday, reaching $35.36. 11,554,416 shares of the stock were exchanged, compared to its average volume of 9,282,940. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of -37.22 and a beta of 2.00. 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 business has a 50-day moving average of $21.08 and a two-hundred day moving average of $20.96. NuScale Power Co. has a twelve month low of $6.88 and a twelve month high of $36.85.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $13.38 million for the quarter, compared to analysts' expectations of $1.46 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. On average, equities analysts predict that NuScale Power Co. will post -0.73 EPS for the current year.

Insider Activity

In other NuScale Power news, CEO John Lawrence Hopkins sold 26,345 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $23.66, for a total transaction of $623,322.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jacqueline F. Engel sold 1,565 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $16.94, for a total value of $26,511.10. Following the transaction, the vice president now directly owns 1,218 shares in the company, valued at approximately $20,632.92. The trade was a 56.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,278 shares of company stock worth $2,286,280. 1.27% of the stock is currently owned by insiders.

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.