NuScale Power Co. (NYSE:SMR) Stock Holdings Raised by FORA Capital LLC

FORA Capital LLC boosted its stake in NuScale Power Co. (NYSE:SMR - Free Report) by 142.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,608 shares of the company's stock after acquiring an additional 57,922 shares during the period. FORA Capital LLC's holdings in NuScale Power were worth $1,768,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SMR. Barclays PLC raised its holdings in shares of NuScale Power by 472.3% in the third quarter. Barclays PLC now owns 150,791 shares of the company's stock valued at $1,746,000 after buying an additional 124,441 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of NuScale Power in the third quarter valued at about $118,000. Franklin Resources Inc. purchased a new stake in shares of NuScale Power in the third quarter valued at about $555,000. JPMorgan Chase & Co. raised its holdings in shares of NuScale Power by 204.0% in the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company's stock valued at $1,930,000 after buying an additional 111,812 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of NuScale Power in the fourth quarter valued at about $301,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares of the company's stock, valued at $16,683.48. This trade represents a 95.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John Lawrence Hopkins sold 34,675 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $17.00, for a total transaction of $589,475.00. Following the transaction, the chief executive officer now directly owns 49,019 shares of the company's stock, valued at approximately $833,323. This trade represents a 41.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,047 shares of company stock worth $2,514,898. 1.27% of the stock is owned by company insiders.

NuScale Power Stock Performance

NYSE SMR traded up $0.50 during trading hours on Monday, hitting $17.95. 9,979,002 shares of the stock were exchanged, compared to its average volume of 8,448,161. 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 stock has a 50-day moving average of $16.01 and a 200 day moving average of $20.14. NuScale Power Co. has a 12-month low of $5.86 and a 12-month high of $32.30. The company has a market cap of $5.07 billion, a price-to-earnings ratio of -18.90 and a beta of 1.62.

NuScale Power (NYSE:SMR - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate 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%. As a group, equities research analysts forecast that NuScale Power Co. will post -0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

SMR has been the subject of a number of research reports. UBS Group reduced their target price on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. BTIG Research initiated coverage on shares of NuScale Power in a report on Friday, April 11th. They set a "buy" rating and a $20.00 price target for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, NuScale Power has a consensus rating of "Moderate Buy" and a consensus target price of $16.60.

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.