California State Teachers Retirement System Sells 36,520 Shares of NuScale Power Co. (NYSE:SMR)

California State Teachers Retirement System lowered its position in NuScale Power Co. (NYSE:SMR) by 86.6% in the first quarter, HoldingsChannel.com reports. The fund owned 5,627 shares of the company’s stock after selling 36,520 shares during the quarter. California State Teachers Retirement System’s holdings in NuScale Power were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arizona State Retirement System bought a new position in NuScale Power during the fourth quarter worth about $34,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of NuScale Power in the fourth quarter valued at approximately $36,000. Peregrine Asset Advisers Inc. bought a new position in shares of NuScale Power during the 4th quarter worth approximately $39,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of NuScale Power during the 1st quarter worth approximately $53,000. Finally, Avantax Advisory Services Inc. bought a new stake in NuScale Power in the 1st quarter valued at $58,000. Institutional investors own 15.28% of the company’s stock.

Insider Activity

In related news, COO Carl M. Fisher sold 12,302 shares of NuScale Power stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total value of $108,134.58. Following the transaction, the chief operating officer now directly owns 30,323 shares of the company’s stock, valued at $266,539.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Robert K. Temple sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total value of $500,000.00. Following the sale, the insider now directly owns 19,054 shares in the company, valued at approximately $190,540. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Carl M. Fisher sold 12,302 shares of NuScale Power stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the sale, the chief operating officer now directly owns 30,323 shares in the company, valued at $266,539.17. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company’s stock.

NuScale Power Trading Down 5.3 %

Shares of NYSE:SMR opened at $8.92 on Wednesday. The company has a market capitalization of $2.17 billion, a P/E ratio of -10.49 and a beta of 1.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 1.84. The business’s 50 day simple moving average is $10.68 and its 200 day simple moving average is $7.32. NuScale Power Co. has a 1 year low of $1.81 and a 1 year high of $16.91.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The company had revenue of $0.97 million during the quarter, compared to the consensus estimate of $1.43 million. During the same quarter in the previous year, the business posted ($0.13) EPS. On average, research analysts anticipate that NuScale Power Co. will post -0.55 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley upped their price objective on shares of NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.15.

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.