Lighthouse Investment Partners LLC Takes $717,000 Position in NuScale Power Co. (NYSE:SMR)

Lighthouse Investment Partners LLC purchased a new stake in shares of NuScale Power Co. (NYSE:SMR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,000 shares of the company's stock, valued at approximately $717,000.

A number of other large investors also recently modified their holdings of SMR. Samsung C&T Corp acquired a new position in NuScale Power during the fourth quarter worth about $46,745,000. Arrowstreet Capital Limited Partnership acquired a new position in NuScale Power during the fourth quarter worth about $22,823,000. Vanguard Group Inc. grew its holdings in NuScale Power by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock worth $151,113,000 after acquiring an additional 635,271 shares during the period. Van ECK Associates Corp grew its holdings in NuScale Power by 41.4% during the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock worth $31,317,000 after acquiring an additional 511,168 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in NuScale Power during the fourth quarter worth about $7,628,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NuScale Power news, 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 transaction of $26,511.10. Following the completion of the sale, the vice president now directly owns 1,218 shares in the company, valued at approximately $20,632.92. This trade represents a 56.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $623,322.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,392 shares of company stock worth $3,138,221. 1.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. BTIG Research reaffirmed a "buy" rating on shares of NuScale Power in a report on Tuesday, May 13th. The Goldman Sachs Group assumed coverage on NuScale Power in a report on Tuesday. They set a "neutral" rating and a $24.00 target price on the stock. Finally, UBS Group lowered their target price on NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.83.

NuScale Power Trading Down 3.3%

SMR traded down $0.81 during trading on Tuesday, reaching $23.71. The company had a trading volume of 3,700,159 shares, compared to its average volume of 8,580,266. The firm's 50-day simple moving average is $16.80 and its 200 day simple moving average is $20.24. The company has a market cap of $6.74 billion, a price-to-earnings ratio of -24.98 and a beta of 1.62. NuScale Power Co. has a 12-month low of $6.37 and a 12-month high of $32.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

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 for the quarter, topping analysts' consensus estimates of ($0.17) by $0.06. The firm 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%. Equities research analysts anticipate that NuScale Power Co. will post -0.73 earnings per share for the current year.

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.