21,776 Shares in NuScale Power Corporation $SMR Acquired by Sigma Planning Corp

Sigma Planning Corp purchased a new stake in NuScale Power Corporation (NYSE:SMR) during the second quarter, HoldingsChannel.com reports. The fund purchased 21,776 shares of the company’s stock, valued at approximately $861,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of NuScale Power during the first quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in NuScale Power by 84.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock worth $31,000 after purchasing an additional 359 shares during the period. Harbour Investments Inc. increased its holdings in NuScale Power by 21.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock worth $46,000 after purchasing an additional 203 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of NuScale Power in the 1st quarter valued at about $50,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of NuScale Power in the 1st quarter valued at about $60,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

NuScale Power Stock Down 14.2%

SMR stock opened at $32.51 on Friday. The company has a market cap of $9.26 billion, a price-to-earnings ratio of -27.32 and a beta of 2.03. NuScale Power Corporation has a twelve month low of $11.08 and a twelve month high of $57.42. The business has a 50 day moving average price of $39.32 and a two-hundred day moving average price of $35.82.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing the consensus estimate of ($0.11) by ($1.74). NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. The company had revenue of $8.24 million during the quarter, compared to analyst estimates of $11.29 million. During the same period in the previous year, the company posted ($0.18) EPS. The company’s quarterly revenue was up 1635.2% compared to the same quarter last year. On average, equities research analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Canaccord Genuity Group upped their price objective on NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NuScale Power in a research report on Wednesday, October 8th. Citigroup reaffirmed a “sell” rating and set a $37.50 price target (down from $46.00) on shares of NuScale Power in a research note on Tuesday, October 21st. BNP Paribas Exane downgraded shares of NuScale Power from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 21st. Finally, Cantor Fitzgerald started coverage on shares of NuScale Power in a report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $37.73.

Insider Buying and Selling

In other news, Director Corp Fluor sold 87,900 shares of NuScale Power stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total value of $3,479,082.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 15,030,641 shares of company stock valued at $605,953,415 in the last ninety days. Company insiders own 1.27% of the company’s stock.

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.