13,520 Shares in NuScale Power Co. (NYSE:SMR) Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in NuScale Power Co. (NYSE:SMR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,520 shares of the company’s stock, valued at approximately $170,000.

Several other large investors also recently added to or reduced their stakes in the business. Swedbank AB acquired a new position in NuScale Power during the first quarter worth $18,585,000. Van ECK Associates Corp bought a new stake in shares of NuScale Power during the 2nd quarter worth about $7,600,000. Bank of New York Mellon Corp increased its holdings in shares of NuScale Power by 97.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company’s stock valued at $3,256,000 after acquiring an additional 137,382 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of NuScale Power by 244.7% in the 2nd quarter. SG Americas Securities LLC now owns 185,342 shares of the company’s stock valued at $2,167,000 after acquiring an additional 131,570 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in NuScale Power by 1,984.4% during the third quarter. International Assets Investment Management LLC now owns 114,642 shares of the company’s stock worth $1,328,000 after purchasing an additional 109,142 shares during the period. 15.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SMR shares. Craig Hallum boosted their price objective on shares of 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 shares of NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target 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. Based on data from MarketBeat.com, NuScale Power currently has an average rating of “Moderate Buy” and an average price target of $10.39.

NuScale Power Stock Performance

NYSE SMR opened at $19.01 on Monday. The company’s fifty day moving average is $12.60 and its two-hundred day moving average is $10.25. The firm 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 current ratio of 2.66 and a quick ratio of 2.66. NuScale Power Co. has a 52-week low of $1.81 and a 52-week high of $22.75.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.43 million. During the same period last year, the company earned ($0.13) EPS.

Insider Buying and Selling at NuScale Power

In other news, COO Carl M. Fisher sold 12,302 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were 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 of the company’s stock, valued at approximately $266,539.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Robert K. Temple sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total value of $500,000.00. Following the completion of the transaction, the insider now directly owns 19,054 shares of the company’s stock, valued at approximately $190,540. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Carl M. Fisher sold 12,302 shares of the company’s stock in a transaction 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 sale, the chief operating officer now owns 30,323 shares in the company, valued at $266,539.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 490,595 shares of company stock valued at $6,287,356 in the last 90 days. 1.96% of the stock is currently owned by company insiders.

NuScale Power Company 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.