B.O.S.S. Retirement Advisors LLC Has $1.54 Million Stake in NuScale Power Corporation $SMR

B.O.S.S. Retirement Advisors LLC lifted its holdings in shares of NuScale Power Corporation (NYSE:SMR) by 10.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 39,021 shares of the company’s stock after purchasing an additional 3,652 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in NuScale Power were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SMR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NuScale Power by 1,220.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after purchasing an additional 1,705,411 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NuScale Power by 20.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock valued at $96,880,000 after purchasing an additional 1,153,158 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of NuScale Power during the 1st quarter worth about $14,271,000. Vanguard Group Inc. boosted its holdings in shares of NuScale Power by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company’s stock worth $126,598,000 after buying an additional 512,618 shares during the period. Finally, TB Alternative Assets Ltd. acquired a new position in NuScale Power in the 1st quarter valued at about $5,938,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NuScale Power

In other news, Director Corp Fluor sold 2,372,563 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $43.99, for a total transaction of $104,369,046.37. Following the completion of the sale, the director owned 10,085,344 shares of the company’s stock, valued at approximately $443,654,282.56. This represents a 19.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 11,624,569 shares of company stock valued at $468,599,880. 1.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SMR has been the subject of several research reports. Canaccord Genuity Group raised their price objective on shares of NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Northland Securities assumed coverage on NuScale Power in a research note on Monday, July 7th. They issued a “market perform” rating and a $35.00 price target for the company. Royal Bank Of Canada assumed coverage on NuScale Power in a report on Monday, September 15th. They issued a “sector perform” rating and a $35.00 price objective on the stock. Northland Capmk raised NuScale Power to a “hold” rating in a report on Monday, July 7th. Finally, Citigroup began coverage on shares of NuScale Power in a research report on Monday, June 23rd. They issued a “neutral” rating and a $46.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NuScale Power currently has a consensus rating of “Hold” and a consensus target price of $36.67.

NuScale Power Stock Performance

NYSE:SMR opened at $36.66 on Thursday. The stock has a fifty day moving average price of $39.34 and a 200-day moving average price of $31.16. The company has a market cap of $10.44 billion, a price-to-earnings ratio of -30.81 and a beta of 2.02. NuScale Power Corporation has a fifty-two week low of $11.08 and a fifty-two week high of $53.50.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. The company had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. Research analysts predict that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

NuScale Power 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.