Indie Asset Partners LLC Acquires 1,250 Shares of NuScale Power Co. (NYSE:SMR)

Indie Asset Partners LLC lifted its holdings in NuScale Power Co. (NYSE:SMR) by 7.1% in the third quarter, Holdings Channel reports. The fund owned 18,800 shares of the company’s stock after purchasing an additional 1,250 shares during the quarter. Indie Asset Partners LLC’s holdings in NuScale Power were worth $218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. US Bancorp DE bought a new position in NuScale Power during the third quarter valued at $54,000. Avantax Advisory Services Inc. purchased a new stake in NuScale Power in the 1st quarter worth about $58,000. CWM LLC raised its position in NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after purchasing an additional 5,191 shares during the period. International Assets Investment Management LLC purchased a new position in shares of NuScale Power during the second quarter valued at approximately $64,000. Finally, TFC Financial Management Inc. bought a new position in shares of NuScale Power during the second quarter valued at approximately $75,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.

NuScale Power Trading Down 0.7 %

NYSE SMR opened at $19.01 on Friday. The company’s 50-day simple moving average is $12.60 and its two-hundred day simple moving average is $10.21. NuScale Power Co. has a one year low of $1.81 and a one year high of $22.75. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of -18.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). The business had revenue of $0.97 million during the quarter, compared to the consensus estimate of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same period last year, the firm earned ($0.13) EPS.

Insider Transactions at NuScale Power

In other NuScale Power news, insider Robert K. Temple sold 115,866 shares of NuScale Power stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total value of $2,108,761.20. Following the transaction, the insider now owns 14,054 shares in the company, valued at $255,782.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Robert K. Temple sold 115,866 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the completion of the sale, the insider now owns 14,054 shares of the company’s stock, valued at $255,782.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Carl M. Fisher sold 12,302 shares of NuScale Power stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total transaction of $108,134.58. Following the completion of the transaction, the chief operating officer now directly owns 30,323 shares in the company, valued at $266,539.17. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 490,595 shares of company stock valued at $6,287,356. Corporate insiders own 1.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SMR shares. Craig Hallum boosted their price objective on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. CLSA initiated coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.39.

About NuScale Power

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.