Caitong International Asset Management Co. Ltd Has $301,000 Stock Position in NuScale Power Corporation $SMR

Caitong International Asset Management Co. Ltd decreased its position in shares of NuScale Power Corporation (NYSE:SMR) by 53.0% in the second quarter, Holdings Channel.com reports. The firm owned 7,607 shares of the company’s stock after selling 8,580 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in NuScale Power were worth $301,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of NuScale Power in the second quarter worth about $352,000. Onyx Bridge Wealth Group LLC acquired a new stake in shares of NuScale Power in the second quarter worth about $214,000. Family Capital Management Inc. acquired a new stake in shares of NuScale Power in the second quarter worth about $332,000. Cookson Peirce & Co. Inc. lifted its position in shares of NuScale Power by 7.9% in the second quarter. Cookson Peirce & Co. Inc. now owns 58,203 shares of the company’s stock worth $2,303,000 after buying an additional 4,277 shares during the last quarter. Finally, Brookstone Capital Management acquired a new stake in shares of NuScale Power in the second quarter worth about $433,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Activity

In other news, Director Corp Fluor sold 2,372,563 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $43.99, for a total value of $104,369,046.37. Following the transaction, the director directly owned 10,085,344 shares in the company, valued at $443,654,282.56. This trade represents a 19.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 15,048,847 shares of company stock valued at $606,761,579. 1.27% of the stock is owned by company insiders.

NuScale Power Stock Performance

Shares of SMR opened at $37.92 on Friday. The firm has a market capitalization of $10.80 billion, a price-to-earnings ratio of -31.87 and a beta of 2.02. The business’s fifty day moving average price is $38.40 and its two-hundred day moving average price is $33.98. NuScale Power Corporation has a 52 week low of $11.08 and a 52 week high of $57.42.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The firm had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. As a group, research analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SMR. Northland Securities began coverage on NuScale Power in a research note on Monday, July 7th. They set a “market perform” rating and a $35.00 price target on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of NuScale Power in a research note on Wednesday, October 8th. Barclays began coverage on NuScale Power in a research note on Monday, September 29th. They set an “equal weight” rating and a $45.00 price target on the stock. Bank of America restated an “underperform” rating and set a $34.00 price target (down from $38.00) on shares of NuScale Power in a research note on Tuesday, September 30th. Finally, BNP Paribas lowered NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $37.73.

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.