Thoroughbred Financial Services LLC Invests $1.19 Million in NuScale Power Corporation $SMR

Thoroughbred Financial Services LLC bought a new stake in shares of NuScale Power Corporation (NYSE:SMR) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,070 shares of the company’s stock, valued at approximately $1,189,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in shares of NuScale Power during the 1st quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of NuScale Power by 84.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock worth $31,000 after buying an additional 359 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of NuScale Power by 21.3% in the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock worth $46,000 after buying an additional 203 shares in the last quarter. Stone House Investment Management LLC bought a new position in NuScale Power during the first quarter valued at approximately $50,000. Finally, Geneos Wealth Management Inc. purchased a new position in NuScale Power during the 1st quarter valued at approximately $60,000. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Trading Down 3.2%

NuScale Power stock opened at $22.41 on Monday. NuScale Power Corporation has a 12-month low of $11.08 and a 12-month high of $57.42. The firm has a 50-day moving average price of $38.11 and a 200-day moving average price of $36.53. The firm has a market capitalization of $6.69 billion, a PE ratio of -7.84 and a beta of 2.03.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). The firm had revenue of $8.24 million during the quarter, compared to analysts’ expectations of $11.29 million. NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The business’s revenue for the quarter was up 1635.2% compared to the same quarter last year. During the same period last year, the company earned ($0.18) earnings per share. As a group, sell-side analysts predict that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at NuScale Power

In related news, Director Corp Fluor sold 87,900 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $39.58, for a total transaction of $3,479,082.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 15,030,641 shares of company stock valued at $605,953,415 in the last quarter. Corporate insiders own 1.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SMR. BNP Paribas cut NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. BNP Paribas Exane lowered shares of NuScale Power from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 21st. UBS Group upped their price target on shares of NuScale Power from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, August 11th. Zacks Research lowered shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Finally, Citigroup reissued a “sell” rating and issued a $37.50 price objective (down from $46.00) on shares of NuScale Power in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $37.50.

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.