Union Bancaire Privee UBP SA Acquires New Shares in NuScale Power Co. (NYSE:SMR)

Union Bancaire Privee UBP SA bought a new position in shares of NuScale Power Co. (NYSE:SMR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,738 shares of the company’s stock, valued at approximately $67,000.

Other large investors also recently modified their holdings of the company. Hsbc Holdings PLC bought a new stake in NuScale Power during the 2nd quarter worth approximately $126,000. Sei Investments Co. acquired a new position in shares of NuScale Power in the second quarter valued at approximately $520,000. Squarepoint Ops LLC bought a new stake in shares of NuScale Power during the second quarter worth $783,000. The Manufacturers Life Insurance Company raised its holdings in shares of NuScale Power by 37.7% during the second quarter. The Manufacturers Life Insurance Company now owns 29,549 shares of the company’s stock worth $345,000 after acquiring an additional 8,096 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in NuScale Power in the 2nd quarter worth $419,000. 78.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares of the company’s stock, valued at approximately $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by insiders.

NuScale Power Price Performance

Shares of SMR opened at $21.98 on Thursday. The firm has a market capitalization of $5.61 billion, a PE ratio of -23.13 and a beta of 1.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The company’s 50-day moving average is $22.65 and its 200-day moving average is $16.59. NuScale Power Co. has a fifty-two week low of $2.45 and a fifty-two week high of $32.30.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The company had revenue of $0.48 million for the quarter, compared to analyst estimates of $6.18 million. During the same quarter last year, the business earned ($0.26) earnings per share.

Analysts Set New Price Targets

Separately, Craig Hallum boosted their price target on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.42.

NuScale Power Company 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.