TimesSquare Capital Management LLC Takes $2.90 Million Position in NuScale Power Co. (NYSE:SMR)

TimesSquare Capital Management LLC acquired a new position in NuScale Power Co. (NYSE:SMR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 250,000 shares of the company's stock, valued at approximately $2,895,000. TimesSquare Capital Management LLC owned approximately 0.10% of NuScale Power at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Catalina Capital Group LLC raised its stake in NuScale Power by 6.8% in the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock worth $146,000 after buying an additional 809 shares in the last quarter. Indie Asset Partners LLC grew its holdings in shares of NuScale Power by 7.1% during the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company's stock worth $218,000 after acquiring an additional 1,250 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company's stock worth $106,000 after acquiring an additional 4,014 shares in the last quarter. US Bancorp DE purchased a new position in shares of NuScale Power in the 3rd quarter valued at approximately $54,000. Finally, CWM LLC boosted its position in shares of NuScale Power by 4,593.8% during the third quarter. CWM LLC now owns 5,304 shares of the company's stock valued at $61,000 after purchasing an additional 5,191 shares in the last quarter. 15.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Robert K. Temple sold 115,866 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the sale, the insider now directly owns 14,054 shares of the company's stock, valued at $255,782.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Robert K. Temple sold 115,866 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $18.20, for a total transaction of $2,108,761.20. Following the transaction, the insider now owns 14,054 shares in the company, valued at $255,782.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert K. Temple sold 68,558 shares of NuScale Power stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $13.02, for a total transaction of $892,625.16. Following the completion of the sale, the insider now directly owns 14,054 shares of the company's stock, valued at approximately $182,983.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 478,293 shares of company stock valued at $6,179,222. Corporate insiders own 1.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Craig Hallum increased their price objective on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. CLSA began coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an "outperform" rating and a $11.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.39.

NuScale Power Stock Down 4.0 %

NYSE:SMR traded down $0.99 on Monday, reaching $23.50. 16,059,704 shares of the stock traded hands, compared to its average volume of 6,073,213. The company's fifty day simple moving average is $13.87 and its 200 day simple moving average is $10.81. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of -22.89 and a beta of 1.12. NuScale Power Co. has a 12 month low of $1.88 and a 12 month high of $25.82. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 68.65% and a negative net margin of 1,089.32%. The firm had revenue of $0.97 million during the quarter, compared to analysts' expectations of $1.43 million. During the same quarter in the previous year, the firm earned ($0.13) earnings per share.

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.