Moore Capital Management LP purchased a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 25,000 shares of the company's stock, valued at approximately $448,000.
A number of other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of NuScale Power by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company's stock worth $1,930,000 after purchasing an additional 111,812 shares during the period. Franklin Resources Inc. acquired a new stake in shares of NuScale Power during the 3rd quarter worth approximately $555,000. Spire Wealth Management acquired a new stake in shares of NuScale Power during the 4th quarter worth approximately $262,000. Bouvel Investment Partners LLC acquired a new stake in shares of NuScale Power during the 4th quarter worth approximately $973,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of NuScale Power during the 4th quarter worth approximately $2,755,000. 78.37% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at NuScale Power
In other NuScale Power news, CEO John Lawrence Hopkins sold 26,345 shares of NuScale Power stock in a transaction on 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 legal filing with the SEC, which is accessible through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the sale, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $470,764.50. This trade represents a 51.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,392 shares of company stock valued at $3,138,221. 1.27% of the stock is owned by company insiders.
NuScale Power Price Performance
NuScale Power stock traded up $0.18 during trading on Friday, reaching $24.18. The company had a trading volume of 11,547,902 shares, compared to its average volume of 8,590,178. The firm's 50-day simple moving average is $16.62 and its 200 day simple moving average is $20.20. NuScale Power Co. has a 1-year low of $6.05 and a 1-year high of $32.30. The firm has a market capitalization of $6.83 billion, a PE ratio of -25.46 and a beta of 1.62. 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 released its quarterly earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The firm had revenue of $13.38 million for the quarter, compared to analysts' expectations of $1.46 million. As a group, equities research analysts anticipate that NuScale Power Co. will post -0.73 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on SMR. UBS Group dropped their price objective on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. BTIG Research reaffirmed a "buy" rating on shares of NuScale Power in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, NuScale Power currently has a consensus rating of "Moderate Buy" and an average price target of $16.60.
View Our Latest Stock Report on NuScale Power
About NuScale Power
(
Free Report)
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.
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