Virtu Financial LLC Acquires 89,474 Shares of NuScale Power Corporation (NYSE:SMR)

Key Points

• Virtu Financial LLC significantly increased its holdings in NuScale Power Corporation by 162.7%, acquiring a total of 144,455 shares valued at approximately $2,045,000.
• Institutional investors own 78.37% of NuScale Power, with other notable investments including Samsung C&T Corp's new position valued at $46.7 million.
• NuScale Power reported a quarterly loss of ($0.13) earnings per share, falling short of the consensus estimate, with revenues of $8.05 million against a predicted $10.49 million.

Virtu Financial LLC lifted its stake in shares of NuScale Power Corporation (NYSE:SMR - Free Report) by 162.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,455 shares of the company's stock after acquiring an additional 89,474 shares during the quarter. Virtu Financial LLC owned 0.05% of NuScale Power worth $2,045,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SMR. Invesco Ltd. grew its holdings in shares of NuScale Power by 112.7% during the first quarter. Invesco Ltd. now owns 73,916 shares of the company's stock valued at $1,047,000 after buying an additional 39,167 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of NuScale Power by 63.2% during the first quarter. Benjamin Edwards Inc. now owns 37,773 shares of the company's stock valued at $535,000 after buying an additional 14,627 shares in the last quarter. Townsquare Capital LLC purchased a new position in shares of NuScale Power during the first quarter valued at $307,000. Swiss National Bank grew its holdings in shares of NuScale Power by 19.3% during the first quarter. Swiss National Bank now owns 200,100 shares of the company's stock valued at $2,833,000 after buying an additional 32,400 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of NuScale Power by 0.9% during the first quarter. Deutsche Bank AG now owns 76,082 shares of the company's stock valued at $1,077,000 after buying an additional 686 shares in the last quarter. 78.37% of the stock is owned by institutional investors.

NuScale Power Stock Down 3.0%

Shares of NYSE:SMR traded down $1.18 on Monday, reaching $38.17. The company had a trading volume of 13,723,110 shares, compared to its average volume of 14,680,395. NuScale Power Corporation has a twelve month low of $6.88 and a twelve month high of $53.50. The stock has a 50-day moving average price of $40.93 and a 200 day moving average price of $27.06. The stock has a market capitalization of $10.86 billion, a P/E ratio of -32.08 and a beta of 2.06.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). NuScale Power had a positive return on equity of 2.86% and a negative net margin of 221.07%. The company had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. On average, sell-side analysts predict that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SMR shares. BTIG Research downgraded NuScale Power from a "buy" rating to a "neutral" rating in a report on Wednesday, June 25th. Northland Capmk raised NuScale Power to a "hold" rating in a research report on Monday, July 7th. Canaccord Genuity Group lifted their price objective on NuScale Power from $36.00 to $44.00 and gave the company a "buy" rating in a research report on Monday. BNP Paribas Exane began coverage on NuScale Power in a research report on Friday, July 25th. They set a "neutral" rating and a $41.00 price objective for the company. Finally, BNP Paribas raised NuScale Power to a "hold" rating in a research report on Friday, July 25th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $34.44.

Insider Transactions at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 26,345 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $23.66, for a total value of $623,322.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Carl M. Fisher sold 18,206 shares of NuScale Power stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $44.39, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

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.