Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 34,200 NuScale Power Corporation (NYSE:SMR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in NuScale Power Corporation, purchasing 34,200 shares valued at approximately $484,000 in Q1.
• Institutional investors own 78.37% of NuScale Power's stock, with several institutions increasing their positions significantly in recent quarters.
• NuScale Power's stock has recently experienced an 11.5% decline, and analysts have set an average price target of $33.00 with a consensus rating of "Hold".

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of NuScale Power Corporation (NYSE:SMR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 34,200 shares of the company's stock, valued at approximately $484,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CoreCap Advisors LLC acquired a new position in shares of NuScale Power in the fourth quarter worth $33,000. NBC Securities Inc. grew its stake in shares of NuScale Power by 165,450.0% during the first quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock worth $46,000 after purchasing an additional 3,309 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of NuScale Power during the fourth quarter worth $139,000. Summit Investment Advisors Inc. grew its stake in shares of NuScale Power by 16.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company's stock worth $159,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of NuScale Power during the fourth quarter worth $182,000. Institutional investors and hedge funds own 78.37% of the company's stock.

NuScale Power Trading Down 2.4%

Shares of NuScale Power stock traded down $1.07 on Monday, reaching $43.36. 14,383,392 shares of the stock were exchanged, compared to its average volume of 11,501,055. NuScale Power Corporation has a 1-year low of $6.88 and a 1-year high of $53.50. The business has a fifty day moving average price of $39.77 and a two-hundred day moving average price of $26.32. The firm has a market capitalization of $12.33 billion, a PE ratio of -31.65 and a beta of 2.06.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.17) by $0.06. NuScale Power had a negative net margin of 273.36% and a positive return on equity of 0.09%. The business had revenue of $13.38 million for the quarter, compared to analyst estimates of $1.46 million. Research analysts expect that NuScale Power Corporation will post -0.73 EPS for the current year.

Insiders Place Their Bets

In other NuScale Power news, CEO John Lawrence Hopkins sold 26,345 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were 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 available through this hyperlink. Insiders own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SMR shares. CLSA set a $41.00 target price on shares of NuScale Power and gave the stock an "outperform" rating in a research note on Tuesday, May 27th. BNP Paribas Exane initiated coverage on shares of NuScale Power in a research report on Friday, July 25th. They issued a "neutral" rating and a $41.00 price target for the company. BNP Paribas raised shares of NuScale Power to a "hold" rating in a research report on Friday, July 25th. UBS Group boosted their price target on shares of NuScale Power from $17.00 to $34.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Finally, Northland Securities initiated coverage on shares of NuScale Power in a research report on Monday, July 7th. They issued a "market perform" rating and a $35.00 price target for the company. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $33.00.

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.