FORA Capital LLC Takes Position in NuScale Power Co. (NYSE:SMR)

FORA Capital LLC purchased a new position in NuScale Power Co. (NYSE:SMR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,686 shares of the company’s stock, valued at approximately $471,000.

A number of other hedge funds also recently bought and sold shares of SMR. US Bancorp DE acquired a new position in shares of NuScale Power during the 3rd quarter worth approximately $54,000. CWM LLC raised its position in NuScale Power by 4,593.8% during the third quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after acquiring an additional 5,191 shares during the period. International Assets Investment Management LLC acquired a new position in NuScale Power during the second quarter worth $64,000. TFC Financial Management Inc. purchased a new position in NuScale Power during the second quarter valued at $75,000. Finally, Virtu Financial LLC purchased a new stake in shares of NuScale Power during the first quarter worth about $98,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.

Insiders Place Their Bets

In related news, insider Robert K. Temple sold 5,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $9.57, for a total value of $47,850.00. Following the completion of the sale, the insider now owns 14,054 shares of the company’s stock, valued at approximately $134,496.78. This represents a 26.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 409,051 shares of company stock valued at $5,525,671 in the last three months. 1.96% of the stock is currently owned by insiders.

NuScale Power Stock Up 6.5 %

SMR stock opened at $28.06 on Friday. NuScale Power Co. has a 1 year low of $1.88 and a 1 year high of $31.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The business has a 50 day simple moving average of $18.49 and a 200-day simple moving average of $12.61.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. CLSA began coverage on shares of NuScale Power in a research note on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target on the stock. Craig Hallum lifted their price target on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.39.

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.