Janney Montgomery Scott LLC Has $298,000 Holdings in NuScale Power Co. (NYSE:SMR)

Janney Montgomery Scott LLC grew its holdings in shares of NuScale Power Co. (NYSE:SMR) by 39.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,800 shares of the company’s stock after purchasing an additional 12,500 shares during the period. Janney Montgomery Scott LLC’s holdings in NuScale Power were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. FMR LLC grew its position in shares of NuScale Power by 55.0% during the 1st quarter. FMR LLC now owns 2,405,757 shares of the company’s stock worth $21,868,000 after purchasing an additional 853,569 shares in the last quarter. BlackRock Inc. boosted its position in shares of NuScale Power by 5.1% during the 1st quarter. BlackRock Inc. now owns 1,933,657 shares of the company’s stock worth $17,577,000 after acquiring an additional 93,120 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of NuScale Power by 13,270.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,922,415 shares of the company’s stock worth $17,475,000 after acquiring an additional 1,908,037 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of NuScale Power by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,465,600 shares of the company’s stock worth $17,118,000 after acquiring an additional 85,076 shares in the last quarter. Finally, SailingStone Capital Partners LLC boosted its position in shares of NuScale Power by 1.0% during the 1st quarter. SailingStone Capital Partners LLC now owns 1,108,812 shares of the company’s stock worth $9,791,000 after acquiring an additional 11,220 shares in the last quarter. Institutional investors and hedge funds own 10.67% of the company’s stock.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, Director Alan L. Boeckmann purchased 7,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of $7.06 per share, with a total value of $49,420.00. Following the completion of the purchase, the director now owns 35,627 shares of the company’s stock, valued at $251,526.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Chris Colbert sold 75,585 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $5.77, for a total transaction of $436,125.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan L. Boeckmann purchased 7,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of $7.06 per share, with a total value of $49,420.00. Following the purchase, the director now directly owns 35,627 shares of the company’s stock, valued at approximately $251,526.62. The disclosure for this purchase can be found here. Company insiders own 3.06% of the company’s stock.

Wall Street Analysts Forecast Growth

SMR has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on shares of NuScale Power from $9.00 to $7.50 and set an “equal weight” rating on the stock in a research report on Monday, October 9th. B. Riley initiated coverage on shares of NuScale Power in a research report on Friday, October 13th. They set a “buy” rating and a $12.00 price target on the stock.

NuScale Power Price Performance

Shares of NuScale Power stock opened at $3.48 on Friday. NuScale Power Co. has a fifty-two week low of $3.01 and a fifty-two week high of $12.14. The firm has a market capitalization of $796.47 million, a P/E ratio of -5.27 and a beta of 1.04. The company’s 50 day moving average price is $5.15 and its two-hundred day moving average price is $6.79.

NuScale Power (NYSE:SMR) last issued its earnings results on Wednesday, August 9th. The company reported ($0.13) earnings per share for the quarter. NuScale Power had a negative net margin of 654.97% and a negative return on equity of 43.96%. The company had revenue of $5.80 million during the quarter. On average, analysts expect that NuScale Power Co. will post -0.42 earnings per share for the current year.

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.