Clear Creek Financial Management LLC Takes $134,000 Position in NuScale Power Co. (NYSE:SMR)

Clear Creek Financial Management LLC bought a new stake in NuScale Power Co. (NYSE:SMR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,612 shares of the company’s stock, valued at approximately $134,000.

A number of other large investors also recently modified their holdings of the stock. US Bancorp DE bought a new position in shares of NuScale Power in the third quarter valued at approximately $54,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of NuScale Power in the third quarter valued at approximately $170,000. International Assets Investment Management LLC lifted its holdings in shares of NuScale Power by 1,984.4% in the third quarter. International Assets Investment Management LLC now owns 114,642 shares of the company’s stock valued at $1,328,000 after purchasing an additional 109,142 shares in the last quarter. Private Advisor Group LLC increased its position in shares of NuScale Power by 20.7% during the third quarter. Private Advisor Group LLC now owns 35,470 shares of the company’s stock valued at $411,000 after acquiring an additional 6,071 shares during the last quarter. Finally, Jade Capital Advisors LLC increased its position in shares of NuScale Power by 33.3% during the third quarter. Jade Capital Advisors LLC now owns 40,000 shares of the company’s stock valued at $463,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors own 15.28% of the company’s stock.

NuScale Power Stock Performance

NYSE:SMR opened at $18.47 on Tuesday. The company has a market capitalization of $4.60 billion, a P/E ratio of -17.93 and a beta of 1.11. NuScale Power Co. has a 1 year low of $1.81 and a 1 year high of $22.75. 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 business has a fifty day simple moving average of $12.81 and a two-hundred day simple moving average of $10.34.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) earnings per share (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 business had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. During the same period in the prior year, the business posted ($0.13) EPS.

Wall Street Analyst Weigh In

SMR has been the subject of a number of research analyst reports. Craig Hallum increased their price target on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research report 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 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.39.

Insider Activity at NuScale Power

In other NuScale Power news, insider Robert K. Temple sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $10.00, for a total transaction of $500,000.00. Following the transaction, the insider now owns 19,054 shares in the company, valued at approximately $190,540. This 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 business’s 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 sale, the insider now directly owns 19,054 shares of the company’s stock, valued at $190,540. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert K. Temple sold 115,866 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $18.20, for a total value of $2,108,761.20. Following the completion of the transaction, the insider now directly owns 14,054 shares in the company, valued at $255,782.80. 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 worth $6,179,222 in the last 90 days. Company insiders own 1.96% of the company’s stock.

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.