Caprock Group LLC Acquires New Position in NuScale Power Co. (NYSE:SMR)

Caprock Group LLC purchased a new position in NuScale Power Co. (NYSE:SMR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 73,272 shares of the company's stock, valued at approximately $1,314,000.

A number of other hedge funds have also recently made changes to their positions in SMR. Hsbc Holdings PLC bought a new position in NuScale Power in the second quarter worth about $126,000. Sei Investments Co. bought a new position in shares of NuScale Power during the 2nd quarter worth approximately $520,000. Squarepoint Ops LLC purchased a new stake in shares of NuScale Power during the 2nd quarter valued at $783,000. The Manufacturers Life Insurance Company boosted its holdings in NuScale Power by 37.7% in 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 in the last quarter. Finally, Truist Financial Corp acquired a new stake in NuScale Power in the 2nd quarter worth approximately $177,000. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

NuScale Power Price Performance

NuScale Power stock traded down $1.29 during trading on Thursday, reaching $23.27. The company had a trading volume of 10,179,987 shares, compared to its average volume of 12,475,720. 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 firm's 50-day simple moving average is $22.13 and its 200 day simple moving average is $16.98. The firm has a market capitalization of $5.94 billion, a PE ratio of -24.49 and a beta of 1.51. NuScale Power Co. has a 1-year low of $2.45 and a 1-year high of $32.30.

NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.18) 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 analysts' expectations of $6.18 million. During the same period in the prior year, the firm earned ($0.26) EPS.

Analyst Ratings Changes

Separately, Craig Hallum raised their price target on shares of NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.42.

Insiders Place Their Bets

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer now owns 34,675 shares of the company's stock, valued at $625,537. This represents a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total transaction 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 $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 owned by company insiders.

About NuScale Power

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.