NuScale Power Co. (NYSE:SMR) Stock Holdings Boosted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in NuScale Power Co. (NYSE:SMR) by 291.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 292,833 shares of the company’s stock after purchasing an additional 217,998 shares during the quarter. Exchange Traded Concepts LLC’s holdings in NuScale Power were worth $5,250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SMR. Catalina Capital Group LLC raised its holdings in shares of NuScale Power by 6.8% during the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after acquiring an additional 809 shares during the period. HighTower Advisors LLC increased its position in shares of NuScale Power by 7.3% during the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after purchasing an additional 820 shares during the last quarter. Indie Asset Partners LLC raised its stake in shares of NuScale Power by 7.1% during the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company’s stock worth $218,000 after purchasing an additional 1,250 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of NuScale Power in the third quarter valued at $44,000. Finally, US Bancorp DE acquired a new position in NuScale Power during the third quarter worth $54,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the sale, the vice president now directly owns 3,801 shares in the company, valued at $110,229. The trade was a 82.71 % 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, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the transaction, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at $625,537. This represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, NuScale Power currently has a consensus rating of “Moderate Buy” and an average price target of $10.39.

NuScale Power Price Performance

NYSE SMR opened at $28.06 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a fifty day simple moving average of $22.99 and a 200 day simple moving average of $16.42. NuScale Power Co. has a twelve month low of $2.39 and a twelve month high of $32.30.

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

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.