Park Avenue Securities LLC Trims Stock Position in NuScale Power Co. (NYSE:SMR)

Park Avenue Securities LLC decreased its holdings in NuScale Power Co. (NYSE:SMR) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,412 shares of the company’s stock after selling 2,348 shares during the quarter. Park Avenue Securities LLC’s holdings in NuScale Power were worth $294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SMR. MRA Advisory Group acquired a new stake in shares of NuScale Power in the fourth quarter valued at about $373,000. Harbour Capital Advisors LLC purchased a new position in NuScale Power during the fourth quarter worth about $301,000. JPMorgan Chase & Co. increased its position in NuScale Power by 204.0% during the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company’s stock worth $1,930,000 after purchasing an additional 111,812 shares during the last quarter. Franklin Resources Inc. acquired a new stake in NuScale Power during the third quarter worth about $555,000. Finally, Tidal Investments LLC acquired a new stake in shares of NuScale Power in the third quarter worth $118,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Analyst Ratings Changes

Separately, Craig Hallum raised their price target on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.39.

Insider Activity

In other news, VP Jacqueline F. Engel sold 18,186 shares of the company’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 of the company’s stock, valued at $110,229. This represents a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

NuScale Power Trading Down 3.5 %

NYSE SMR opened at $28.06 on Friday. The firm has a market capitalization of $7.17 billion, a PE ratio of -29.54 and a beta of 1.47. NuScale Power Co. has a one year low of $2.39 and a one year high of $32.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company has a 50-day simple moving average of $22.99 and a 200-day simple moving average of $16.44.

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

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.