Bleakley Financial Group LLC Takes $764,000 Position in NuScale Power Co. (NYSE:SMR)

Bleakley Financial Group LLC acquired a new position in NuScale Power Co. (NYSE:SMR) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 42,596 shares of the company’s stock, valued at approximately $764,000.

Several other hedge funds have also bought and sold shares of SMR. Kercheville Advisors LLC purchased a new stake in shares of NuScale Power during the 4th quarter valued at $188,000. Mirae Asset Global Investments Co. Ltd. increased its stake in NuScale Power by 755.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,600 shares of the company’s stock valued at $2,255,000 after acquiring an additional 102,080 shares during the last quarter. Spire Wealth Management purchased a new stake in NuScale Power during the fourth quarter valued at about $262,000. Clear Creek Financial Management LLC lifted its stake in NuScale Power by 93.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 22,442 shares of the company’s stock worth $402,000 after purchasing an additional 10,830 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in shares of NuScale Power in the 4th quarter worth about $1,314,000. 78.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Craig Hallum raised 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 research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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 price-to-earnings ratio of -27.22 and a beta of 1.51. The company has a 50-day simple moving average of $22.05 and a two-hundred day simple moving average of $17.17. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 12-month low of $2.47 and a 12-month high of $32.30.

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

Insider Activity

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were 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 $625,537. This represents a 95.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. This trade represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.96% of the company’s stock.

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.