Janus Henderson Group PLC Takes $357,000 Position in NuScale Power Co. (NYSE:SMR)

Janus Henderson Group PLC bought a new position in NuScale Power Co. (NYSE:SMR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,700 shares of the company’s stock, valued at approximately $357,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in NuScale Power during the 3rd quarter worth about $44,000. US Bancorp DE purchased a new position in NuScale Power during the third quarter valued at approximately $54,000. CWM LLC increased its stake in NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after buying an additional 5,191 shares during the period. International Assets Investment Management LLC acquired a new position in NuScale Power in the 2nd quarter valued at approximately $64,000. Finally, TFC Financial Management Inc. acquired a new stake in shares of NuScale Power during the 2nd quarter valued at $75,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Insider Activity at NuScale Power

In related news, insider Robert K. Temple sold 75,000 shares of NuScale Power stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $12.00, for a total value of $900,000.00. Following the transaction, the insider now owns 14,054 shares in the company, valued at $168,648. This trade represents a 84.22 % decrease in their position. The sale was disclosed in a legal 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 dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total value 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 represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 422,237 shares of company stock valued at $6,005,215. Corporate insiders own 1.96% of the company’s stock.

NuScale Power Price Performance

NYSE SMR opened at $21.13 on Monday. The firm has a market cap of $5.40 billion, a P/E ratio of -22.24 and a beta of 1.33. The stock’s 50-day moving average is $21.59 and its two-hundred day moving average is $14.11. NuScale Power Co. has a fifty-two week low of $1.88 and a fifty-two week high of $32.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Analyst Ratings Changes

SMR has been the topic of a number of research reports. CLSA began coverage on shares of NuScale Power in a research note on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target on the stock. Craig Hallum raised their price target on 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 stock. According to MarketBeat, NuScale Power currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.39.

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.