Audent Global Asset Management LLC Purchases New Holdings in NuScale Power Corporation $SMR

Audent Global Asset Management LLC acquired a new position in NuScale Power Corporation (NYSE:SMR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 54,027 shares of the company’s stock, valued at approximately $766,000.

Several other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NuScale Power by 35.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 822,779 shares of the company’s stock valued at $11,659,000 after purchasing an additional 213,329 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NuScale Power by 22.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company’s stock valued at $263,195,000 after purchasing an additional 1,346,796 shares during the period. Caz Investments LP lifted its stake in shares of NuScale Power by 10,000.0% in the 4th quarter. Caz Investments LP now owns 101,000 shares of the company’s stock valued at $1,431,000 after purchasing an additional 100,000 shares during the period. Clear Street Group Inc. bought a new position in shares of NuScale Power in the 3rd quarter worth $155,616,000. Finally, Seven Grand Managers LLC acquired a new stake in shares of NuScale Power during the fourth quarter worth $1,771,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Transactions at NuScale Power

In other news, Director Corp Fluor sold 13,500,000 shares of the stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $12.07, for a total value of $162,945,000.00. Following the completion of the sale, the director owned 26,436,472 shares of the company’s stock, valued at approximately $319,088,217.04. This represents a 33.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 39,936,472 shares of company stock valued at $472,831,169. Corporate insiders own 1.28% of the company’s stock.

Wall Street Analyst Weigh In

SMR has been the subject of a number of recent analyst reports. Citigroup dropped their price objective on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a report on Monday, May 11th. Zacks Research upgraded shares of NuScale Power from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Canaccord Genuity Group lowered their target price on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research report on Friday, March 27th. Finally, B. Riley Financial cut their price objective on shares of NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.92.

NuScale Power Trading Up 0.2%

Shares of SMR opened at $11.76 on Friday. NuScale Power Corporation has a 12 month low of $8.85 and a 12 month high of $57.42. The firm’s 50 day moving average is $11.52 and its 200-day moving average is $14.13. The stock has a market capitalization of $4.30 billion, a PE ratio of -4.03 and a beta of 2.20.

NuScale Power (NYSE:SMR) last released its 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 net margin of 2,066.55% and a negative return on equity of 48.88%. The company had revenue of $0.56 million for the quarter, compared to the consensus estimate of $7.00 million. The company’s revenue for the quarter was down 95.8% on a year-over-year basis. Equities research analysts predict that NuScale Power Corporation will post -0.46 earnings per share for the current fiscal year.

About NuScale Power

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.