Bleakley Financial Group LLC Purchases New Holdings in NuScale Power Co. (NYSE:SMR)

Bleakley Financial Group LLC acquired a new position in NuScale Power Co. (NYSE:SMR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 42,596 shares of the company’s stock, valued at approximately $764,000.

A number of other institutional investors have also recently bought and sold shares of the business. Toth Financial Advisory Corp boosted its holdings in shares of NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after buying an additional 1,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in NuScale Power in the third quarter valued at about $44,000. US Bancorp DE bought a new position in shares of NuScale Power during the 3rd quarter valued at approximately $54,000. CWM LLC increased its stake in shares of NuScale Power by 4,593.8% during 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 last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of NuScale Power in the 4th quarter worth approximately $67,000. Institutional investors own 78.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum increased 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.42.

NuScale Power Stock Performance

NYSE SMR opened at $25.86 on Monday. The firm has a market cap of $6.60 billion, a P/E ratio of -27.22 and a beta of 1.51. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $22.05 and its 200-day moving average is $17.17. NuScale Power Co. has a 12-month low of $2.47 and a 12-month high of $32.30.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. The business had revenue of $0.48 million for the quarter, compared to the consensus estimate of $6.18 million. During the same period in the previous year, the firm earned ($0.26) EPS.

Insider Activity

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares of the company’s stock, valued at $110,229. The trade was a 82.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is owned by company insiders.

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.