10,411 Shares in NuScale Power Co. (NYSE:SMR) Acquired by Arizona State Retirement System

Arizona State Retirement System acquired a new position in shares of NuScale Power Co. (NYSE:SMR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,411 shares of the company’s stock, valued at approximately $34,000.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of NuScale Power in the 3rd quarter valued at approximately $143,000. Rheos Capital Works Inc. increased its stake in NuScale Power by 93.8% during the third quarter. Rheos Capital Works Inc. now owns 620,000 shares of the company’s stock worth $3,038,000 after acquiring an additional 300,000 shares during the last quarter. Raymond James & Associates acquired a new stake in NuScale Power during the third quarter worth $439,000. J.W. Cole Advisors Inc. raised its position in NuScale Power by 37.2% in the third quarter. J.W. Cole Advisors Inc. now owns 42,843 shares of the company’s stock valued at $210,000 after purchasing an additional 11,625 shares during the period. Finally, Canal Insurance CO lifted its stake in shares of NuScale Power by 33.3% in the 3rd quarter. Canal Insurance CO now owns 160,000 shares of the company’s stock valued at $784,000 after purchasing an additional 40,000 shares during the last quarter. 15.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NuScale Power news, CEO John Lawrence Hopkins sold 59,768 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $4.20, for a total value of $251,025.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.06% of the stock is currently owned by insiders.

NuScale Power Stock Performance

NYSE SMR opened at $4.93 on Tuesday. NuScale Power Co. has a one year low of $1.81 and a one year high of $11.21. The firm has a 50 day simple moving average of $4.76 and a 200-day simple moving average of $3.73. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -6.16 and a beta of 1.06.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The business had revenue of $4.56 million during the quarter, compared to analysts’ expectations of $1.75 million. NuScale Power had a negative net margin of 255.86% and a negative return on equity of 29.93%. Equities analysts predict that NuScale Power Co. will post -0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of NuScale Power from $2.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Canaccord Genuity Group upped their price objective on shares of NuScale Power from $4.25 to $8.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Canaccord Genuity Group started coverage on shares of NuScale Power in a research report on Monday, January 29th. They set a “buy” rating and a $4.25 price objective for the company. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $4.50 target price (down previously from $7.50) on shares of NuScale Power in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7.75.

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.