NuScale Power Corporation $SMR Holdings Raised by Caz Investments LP

Caz Investments LP grew its stake in NuScale Power Corporation (NYSE:SMR) by 10,000.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 101,000 shares of the company’s stock after acquiring an additional 100,000 shares during the period. NuScale Power accounts for about 2.5% of Caz Investments LP’s investment portfolio, making the stock its 8th biggest position. Caz Investments LP’s holdings in NuScale Power were worth $1,431,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nemes Rush Group LLC purchased a new stake in shares of NuScale Power in the 3rd quarter valued at approximately $25,000. Strategic Advocates LLC purchased a new stake in shares of NuScale Power in the 3rd quarter valued at approximately $25,000. Harbour Investments Inc. raised its stake in shares of NuScale Power by 32.4% in the 4th quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after acquiring an additional 592 shares during the period. Accredited Wealth Management LLC purchased a new stake in shares of NuScale Power in the 3rd quarter valued at approximately $35,000. Finally, Knuff & Co LLC purchased a new stake in shares of NuScale Power in the 4th quarter valued at approximately $35,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total value of $159,435,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Lawrence Hopkins sold 82,667 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $1,010,190.74. Following the completion of the sale, the chief executive officer directly owned 117,018 shares in the company, valued at approximately $1,429,959.96. This represents a 41.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 40,059,906 shares of company stock valued at $474,339,533. 1.28% of the stock is currently owned by company insiders.

NuScale Power Stock Performance

Shares of NYSE:SMR opened at $12.67 on Monday. NuScale Power Corporation has a 52 week low of $8.85 and a 52 week high of $57.42. The company’s 50 day moving average is $11.41 and its two-hundred day moving average is $15.14. The company has a market cap of $4.63 billion, a PE ratio of -4.34 and a beta of 2.20.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The firm had revenue of $0.57 million during the quarter, compared to analysts’ expectations of $7.00 million. NuScale Power’s revenue was down 95.8% on a year-over-year basis. As a group, equities research analysts expect that NuScale Power Corporation will post -0.46 EPS for the current year.

Wall Street Analyst Weigh In

SMR has been the topic of several recent research reports. Barclays cut their target price on shares of NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research report on Friday, March 27th. Cantor Fitzgerald cut their price objective on NuScale Power from $55.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. Northland Securities set a $19.00 price objective on NuScale Power in a research report on Monday, May 11th. Finally, Bank of America started coverage on NuScale Power in a research report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.92.

NuScale Power Company 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.