Investors Purchase High Volume of Call Options on NuScale Power (NYSE:SMR)

NuScale Power Co. (NYSE:SMR) was the recipient of unusually large options trading on Friday. Traders bought 27,223 call options on the stock. This represents an increase of 88% compared to the average daily volume of 14,502 call options.

Insider Transactions at NuScale Power

In related news, insider Robert K. Temple sold 144,627 shares of NuScale Power stock in a transaction on Friday, September 20th. The stock was sold at an average price of $10.90, for a total transaction of $1,576,434.30. Following the transaction, the insider now directly owns 14,054 shares in the company, valued at approximately $153,188.60. 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 accessible through the SEC website. In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of the company’s 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert K. Temple sold 144,627 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $10.90, for a total transaction of $1,576,434.30. Following the sale, the insider now owns 14,054 shares in the company, valued at $153,188.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 490,595 shares of company stock worth $6,287,356 in the last three months. Corporate insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SMR. Swedbank AB purchased a new stake in NuScale Power during the first quarter valued at $18,585,000. Van ECK Associates Corp grew its position in NuScale Power by 90.0% in the third quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company’s stock worth $14,307,000 after acquiring an additional 585,292 shares in the last quarter. Bank of New York Mellon Corp increased its stake in NuScale Power by 97.3% during the second quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company’s stock worth $3,256,000 after acquiring an additional 137,382 shares during the last quarter. Canal Insurance CO raised its position in NuScale Power by 35.0% during the third quarter. Canal Insurance CO now owns 216,000 shares of the company’s stock valued at $2,501,000 after purchasing an additional 56,000 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in shares of NuScale Power by 84.9% in the 2nd quarter. Wedbush Securities Inc. now owns 188,600 shares of the company’s stock valued at $2,205,000 after purchasing an additional 86,600 shares during the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Stock Down 0.7 %

Shares of SMR stock opened at $19.01 on Friday. The stock has a market cap of $4.74 billion, a P/E ratio of -18.46 and a beta of 1.11. The company’s fifty day simple moving average is $12.60 and its two-hundred day simple moving average is $10.21. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27. NuScale Power has a 52 week low of $1.81 and a 52 week high of $22.75.

NuScale Power (NYSE:SMR) last announced 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 net margin of 592.28% and a negative return on equity of 61.82%. The firm had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. During the same period in the previous year, the company posted ($0.13) earnings per share.

Wall Street Analysts Forecast Growth

SMR has been the subject of a number of analyst reports. Craig Hallum increased their price target on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. CLSA initiated coverage on NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average 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.