NuScale Power Corporation $SMR Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lessened its holdings in shares of NuScale Power Corporation (NYSE:SMR) by 31.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 136,444 shares of the company’s stock after selling 62,076 shares during the period. NuScale Power accounts for 0.6% of Headlands Technologies LLC’s investment portfolio, making the stock its 28th biggest holding. Headlands Technologies LLC’s holdings in NuScale Power were worth $5,398,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in shares of NuScale Power in the 1st quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in NuScale Power by 84.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $31,000 after purchasing an additional 359 shares in the last quarter. Rothschild Investment LLC raised its position in NuScale Power by 45.2% in the second quarter. Rothschild Investment LLC now owns 1,125 shares of the company’s stock worth $45,000 after acquiring an additional 350 shares in the last quarter. Harbour Investments Inc. boosted its holdings in NuScale Power by 21.3% during 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. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of NuScale Power during the 1st quarter valued at approximately $60,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut NuScale Power from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. BNP Paribas Exane lowered NuScale Power from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 21st. Canaccord Genuity Group raised their price target on NuScale Power from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. BNP Paribas lowered shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Finally, The Goldman Sachs Group dropped their target price on shares of NuScale Power from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Friday. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $36.04.

NuScale Power Trading Down 13.5%

Shares of SMR stock opened at $18.37 on Friday. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of -6.42 and a beta of 2.09. The firm has a 50-day moving average price of $30.86 and a 200 day moving average price of $36.12. NuScale Power Corporation has a twelve month low of $11.08 and a twelve month high of $57.42.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). The firm had revenue of $8.24 million for 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 quarterly revenue was up 1635.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.18) earnings per share. As a group, research analysts predict that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Insiders Place Their Bets

In other NuScale Power news, Director Corp Fluor sold 2,372,563 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $43.99, for a total transaction of $104,369,046.37. Following the transaction, the director owned 10,085,344 shares of the company’s stock, valued at $443,654,282.56. This represents a 19.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 15,040,000 shares of company stock valued at $605,749,702. Insiders own 1.20% of the company’s stock.

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.