NuScale Power Corporation $SMR Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of NuScale Power Corporation (NYSE:SMR) by 84.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,771 shares of the company’s stock after selling 108,956 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in NuScale Power were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SMR. Nemes Rush Group LLC acquired a new position in shares of NuScale Power during the 3rd quarter valued at $25,000. Strategic Advocates LLC acquired a new position in shares of NuScale Power during the 3rd quarter valued at $25,000. Harbour Investments Inc. lifted its holdings in shares of NuScale Power by 32.4% during 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 in the last quarter. Accredited Wealth Management LLC acquired a new position in shares of NuScale Power during the 3rd quarter valued at $35,000. Finally, Knuff & Co LLC acquired a new stake in NuScale Power in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Buying and Selling at NuScale Power

In other news, Director Corp Fluor sold 13,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total transaction of $159,435,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 39,936,472 shares of company stock worth $472,831,169 over the last three months. 1.28% of the stock is currently owned by company insiders.

NuScale Power Trading Down 7.1%

SMR stock opened at $9.30 on Thursday. NuScale Power Corporation has a twelve month low of $8.85 and a twelve month high of $57.42. The company has a market capitalization of $3.40 billion, a P/E ratio of -3.18 and a beta of 2.20. The firm has a 50 day simple moving average of $11.45 and a 200-day simple moving average of $14.52.

NuScale Power (NYSE:SMR) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The company had revenue of $0.57 million for the quarter, compared to analyst estimates of $7.00 million. NuScale Power’s quarterly revenue was down 95.8% compared to the same quarter last year. On average, research analysts predict that NuScale Power Corporation will post -0.46 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on SMR. Canaccord Genuity Group lowered their price objective on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, February 27th. HSBC began coverage on shares of NuScale Power in a research report on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price objective for the company. Northland Securities set a $19.00 price objective on shares of NuScale Power in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research report on Friday, March 27th. Finally, Royal Bank Of Canada lowered their price objective on shares of NuScale Power from $21.00 to $14.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, NuScale Power currently has an average rating of “Hold” and an average price target 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.