Exchange Traded Concepts LLC Has $14.64 Million Stock Holdings in NuScale Power Corporation $SMR

Exchange Traded Concepts LLC lifted its stake in NuScale Power Corporation (NYSE:SMR) by 21.5% in the third quarter, HoldingsChannel reports. The firm owned 406,779 shares of the company’s stock after purchasing an additional 71,881 shares during the period. Exchange Traded Concepts LLC’s holdings in NuScale Power were worth $14,644,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of NuScale Power by 1,220.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock worth $26,127,000 after buying an additional 1,705,411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of NuScale Power by 20.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock valued at $96,880,000 after acquiring an additional 1,153,158 shares in the last quarter. Bank of America Corp DE lifted its position in shares of NuScale Power by 80.9% in the 2nd quarter. Bank of America Corp DE now owns 2,333,248 shares of the company’s stock valued at $92,303,000 after acquiring an additional 1,043,676 shares in the last quarter. Man Group plc acquired a new position in NuScale Power in the 2nd quarter worth approximately $33,877,000. Finally, State Street Corp grew its position in NuScale Power by 37.5% during the 2nd quarter. State Street Corp now owns 2,736,187 shares of the company’s stock worth $108,244,000 after purchasing an additional 746,667 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Insider Buying and Selling

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $22.17, for a total transaction of $886,800.00. Following the transaction, the chief financial officer owned 46,283 shares in the company, valued at approximately $1,026,094.11. This trade represents a 46.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Corp Fluor sold 87,900 shares of NuScale Power stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total transaction of $3,479,082.00. The SEC filing for this sale provides additional information. Insiders sold 7,930,587 shares of company stock valued at $309,070,052 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. The Goldman Sachs Group reduced their target price on NuScale Power from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, December 12th. BNP Paribas Exane downgraded NuScale Power from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 21st. Citigroup restated a “sell” rating and set a $37.50 price objective (down from $46.00) on shares of NuScale Power in a research report on Tuesday, October 21st. BNP Paribas downgraded NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Finally, Zacks Research lowered shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, NuScale Power currently has an average rating of “Reduce” and an average target price of $35.18.

NuScale Power Trading Up 1.8%

SMR opened at $16.36 on Tuesday. The stock has a fifty day moving average price of $27.95 and a 200 day moving average price of $35.46. NuScale Power Corporation has a 1 year low of $11.08 and a 1 year high of $57.42. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of -5.72 and a beta of 2.09.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results 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 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 firm’s revenue for the quarter was up 1635.2% on a year-over-year basis. During the same period last year, the business earned ($0.18) earnings per share. As a group, sell-side analysts forecast that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

NuScale Power Profile

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.