Private Advisor Group LLC Buys 6,071 Shares of NuScale Power Co. (NYSE:SMR)

Private Advisor Group LLC increased its stake in NuScale Power Co. (NYSE:SMR) by 20.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,470 shares of the company’s stock after purchasing an additional 6,071 shares during the quarter. Private Advisor Group LLC’s holdings in NuScale Power were worth $411,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in NuScale Power by 25.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock valued at $106,000 after purchasing an additional 4,014 shares in the last quarter. CWM LLC increased its stake in NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after purchasing an additional 5,191 shares in the last quarter. International Assets Investment Management LLC bought a new stake in NuScale Power during the 2nd quarter valued at $64,000. Evanson Asset Management LLC increased its stake in NuScale Power by 23.1% during the 3rd quarter. Evanson Asset Management LLC now owns 32,000 shares of the company’s stock valued at $371,000 after purchasing an additional 6,000 shares in the last quarter. Finally, TFC Financial Management Inc. bought a new stake in NuScale Power during the 2nd quarter valued at $75,000. Institutional investors own 15.28% of the company’s stock.

NuScale Power Price Performance

SMR opened at $18.83 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of -18.27 and a beta of 1.12. The firm’s fifty day moving average price is $12.81 and its two-hundred day moving average price is $10.34. NuScale Power Co. has a 1 year low of $1.81 and a 1 year high of $22.75.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). The company had revenue of $0.97 million during the quarter, compared to analysts’ expectations 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 posted ($0.13) earnings per share.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, insider Robert K. Temple sold 144,627 shares of the company’s stock in a transaction dated 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 directly owns 14,054 shares of the company’s stock, valued at $153,188.60. This represents 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 through this link. In other NuScale Power news, insider Robert K. Temple sold 144,627 shares of the company’s stock in a transaction dated 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 directly owns 14,054 shares of the company’s stock, valued at $153,188.60. This represents 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 through this link. Also, CFO Robert Ramsey Hamady sold 19,242 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total transaction of $153,551.16. Following the sale, the chief financial officer now directly owns 57,681 shares in the company, valued at approximately $460,294.38. 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 a total of 478,293 shares of company stock valued at $6,179,222 over the last three months. 1.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.