GAMMA Investing LLC Sells 373 Shares of NuScale Power Corporation $SMR

GAMMA Investing LLC lowered its position in shares of NuScale Power Corporation (NYSE:SMR) by 34.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 712 shares of the company’s stock after selling 373 shares during the quarter. GAMMA Investing LLC’s holdings in NuScale Power were worth $28,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of NuScale Power by 84.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock worth $31,000 after acquiring an additional 359 shares during the last quarter. Toth Financial Advisory Corp raised its position in shares of NuScale Power by 185.0% during the second quarter. Toth Financial Advisory Corp now owns 1,710 shares of the company’s stock worth $68,000 after acquiring an additional 1,110 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of NuScale Power during the second quarter worth $69,000. Quantbot Technologies LP bought a new stake in shares of NuScale Power during the first quarter worth $27,000. Finally, NBC Securities Inc. raised its position in shares of NuScale Power by 165,450.0% during the first quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock worth $46,000 after acquiring an additional 3,309 shares during the last quarter. Institutional investors own 78.37% of the company’s stock.

NuScale Power Trading Up 1.3%

NYSE:SMR opened at $40.03 on Monday. NuScale Power Corporation has a 1 year low of $11.08 and a 1 year high of $53.50. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of -33.64 and a beta of 2.02. The stock has a 50-day moving average price of $38.88 and a two-hundred day moving average price of $31.65.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. The business had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. Sell-side analysts forecast that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SMR. Barclays began coverage on NuScale Power in a research report on Monday, September 29th. They set an “equal weight” rating and a $45.00 target price for the company. Northland Securities started coverage on NuScale Power in a report on Monday, July 7th. They issued a “market perform” rating and a $35.00 price objective for the company. Royal Bank Of Canada initiated coverage on NuScale Power in a research report on Monday, September 15th. They set a “sector perform” rating and a $35.00 target price for the company. Citigroup initiated coverage on NuScale Power in a research note on Monday, June 23rd. They issued a “neutral” rating and a $46.00 price target for the company. Finally, Bank of America reaffirmed an “underperform” rating and issued a $34.00 price target (down from $38.00) on shares of NuScale Power in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.67.

Insider Buying and Selling at NuScale Power

In other news, Director Corp Fluor sold 2,372,563 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $43.99, for a total transaction of $104,369,046.37. Following the completion of the transaction, the director directly owned 10,085,344 shares of the company’s stock, valued at $443,654,282.56. This represents a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 11,624,569 shares of company stock worth $468,599,880 over the last ninety days. 1.96% of the stock is owned by corporate insiders.

NuScale Power Company 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.