Spire Wealth Management Takes Position in NuScale Power Co. (NYSE:SMR)

Spire Wealth Management bought a new position in shares of NuScale Power Co. (NYSE:SMR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,612 shares of the company's stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Toth Financial Advisory Corp raised its position in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after buying an additional 1,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in NuScale Power during the third quarter worth about $44,000. US Bancorp DE purchased a new position in shares of NuScale Power during the 3rd quarter worth about $54,000. CWM LLC boosted its position in shares of NuScale Power by 4,593.8% in 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 last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of NuScale Power in the 4th quarter valued at $67,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

NuScale Power Stock Up 6.1 %

Shares of SMR traded up $1.59 during mid-day trading on Monday, reaching $27.43. 13,723,097 shares of the stock traded hands, compared to its average volume of 12,824,711. The stock has a fifty day simple moving average of $22.05 and a 200 day simple moving average of $17.29. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of -28.87 and a beta of 1.51. NuScale Power Co. has a 12-month low of $2.47 and a 12-month high of $32.30. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

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

Insider Buying and Selling at NuScale Power

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 stock was 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 of the company's stock, valued at $625,537. This trade represents a 95.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now owns 3,801 shares in the company, 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 insiders.

Analysts Set New Price Targets

Separately, Craig Hallum upped 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $11.42.

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.