Newbridge Financial Services Group Inc. Increases Stock Position in NuScale Power Co. (NYSE:SMR)

Newbridge Financial Services Group Inc. lifted its holdings in shares of NuScale Power Co. (NYSE:SMR) by 99.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,755 shares of the company’s stock after buying an additional 6,855 shares during the period. Newbridge Financial Services Group Inc.’s holdings in NuScale Power were worth $247,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp lifted its position in NuScale Power by 600.0% during the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after purchasing an additional 1,800 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of NuScale Power during the 4th quarter valued at $67,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of NuScale Power in the 3rd quarter worth $44,000. KBC Group NV bought a new stake in shares of NuScale Power in the fourth quarter worth $70,000. Finally, US Bancorp DE purchased a new stake in shares of NuScale Power during the 3rd quarter valued at about $54,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Trading Up 11.2 %

Shares of NuScale Power stock opened at $25.86 on Monday. NuScale Power Co. has a fifty-two week low of $2.47 and a fifty-two week 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. The company has a fifty day moving average of $22.05 and a 200 day moving average of $17.17.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter. The business had revenue of $0.48 million during the quarter, compared to the consensus estimate of $6.18 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. During the same period last year, the company earned ($0.26) EPS.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upped their price objective 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.42.

Insider Buying and Selling

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the sale, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. The trade was a 95.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the vice president now directly owns 3,801 shares of the company’s stock, valued at $110,229. This trade represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

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.