International Assets Investment Management LLC Has $1.33 Million Stake in NuScale Power Co. (NYSE:SMR)

International Assets Investment Management LLC grew its stake in NuScale Power Co. (NYSE:SMR) by 1,984.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,642 shares of the company’s stock after acquiring an additional 109,142 shares during the quarter. International Assets Investment Management LLC’s holdings in NuScale Power were worth $1,328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SMR. Swedbank AB bought a new stake in NuScale Power during the 1st quarter worth approximately $18,585,000. Van ECK Associates Corp acquired a new position in shares of NuScale Power during the second quarter worth about $7,600,000. Bank of New York Mellon Corp boosted its position in NuScale Power by 97.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company’s stock worth $3,256,000 after acquiring an additional 137,382 shares during the last quarter. SG Americas Securities LLC boosted its holdings in NuScale Power by 244.7% during the second quarter. SG Americas Securities LLC now owns 185,342 shares of the company’s stock worth $2,167,000 after purchasing an additional 131,570 shares during the last quarter. Finally, L & S Advisors Inc bought a new stake in NuScale Power during the 2nd quarter worth about $1,105,000. Institutional investors own 15.28% of the company’s stock.

Insider Buying and Selling at NuScale Power

In other news, insider Robert K. Temple sold 50,000 shares of the firm’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 transaction, the insider now owns 19,054 shares in the company, valued at $190,540. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Robert K. Temple sold 115,866 shares of the firm’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 of the company’s stock, valued at approximately $255,782.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert K. Temple sold 50,000 shares of the 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 completion of the sale, the insider now owns 19,054 shares in the company, valued at $190,540. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 478,293 shares of company stock worth $6,179,222. 1.96% of the stock is owned by corporate insiders.

NuScale Power Stock Down 2.8 %

SMR stock opened at $18.47 on Tuesday. The business has a 50-day simple moving average of $12.81 and a 200 day simple moving average of $10.34. NuScale Power Co. has a 52 week low of $1.81 and a 52 week high of $22.75. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27. The company has a market cap of $4.60 billion, a PE ratio of -17.93 and a beta of 1.11.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). The business had revenue of $0.97 million for the quarter, compared to analyst estimates of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same quarter last year, the firm posted ($0.13) EPS.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. CLSA started coverage on NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target on the stock. Craig Hallum boosted their price target on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.39.

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.