170,000 Shares in NuScale Power Co. (NYSE:SMR) Bought by JGP Global Gestao de Recursos Ltda.

JGP Global Gestao de Recursos Ltda. bought a new position in NuScale Power Co. (NYSE:SMRGet Rating) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 170,000 shares of the company’s stock, valued at approximately $1,986,000. NuScale Power comprises about 1.7% of JGP Global Gestao de Recursos Ltda.’s portfolio, making the stock its 9th biggest position. JGP Global Gestao de Recursos Ltda. owned approximately 0.08% of NuScale Power at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SMR. SailingStone Capital Partners LLC bought a new position in NuScale Power during the second quarter valued at about $16,754,000. Macquarie Group Ltd. bought a new position in NuScale Power during the second quarter valued at about $10,090,000. Allspring Global Investments Holdings LLC bought a new position in NuScale Power during the third quarter valued at about $3,650,000. Trek Financial LLC bought a new position in NuScale Power during the second quarter valued at about $1,805,000. Finally, State Street Corp bought a new position in NuScale Power during the second quarter valued at about $1,538,000.

Analyst Upgrades and Downgrades

Separately, UBS Group assumed coverage on NuScale Power in a research note on Tuesday, October 25th. They set a “neutral” rating and a $13.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

Insider Activity

In other news, CTO Jose N. Reyes, Jr. sold 191,223 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $11.65, for a total value of $2,227,747.95. Following the sale, the chief technology officer now directly owns 248,742 shares in the company, valued at approximately $2,897,844.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CTO Jose N. Reyes, Jr. sold 191,223 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $11.65, for a total transaction of $2,227,747.95. Following the sale, the chief technology officer now directly owns 248,742 shares in the company, valued at approximately $2,897,844.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Chris Panichi sold 3,500 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $10.28, for a total value of $35,980.00. Following the sale, the director now owns 2,775 shares in the company, valued at $28,527. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 439,631 shares of company stock worth $5,014,476.

NuScale Power Trading Up 1.9 %

SMR stock opened at $10.50 on Wednesday. NuScale Power Co. has a 1-year low of $8.87 and a 1-year high of $15.85. The business’s 50 day moving average is $10.58 and its 200-day moving average is $11.96.

NuScale Power (NYSE:SMRGet Rating) last released its quarterly earnings data on Friday, November 11th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $3.17 million during the quarter. On average, analysts forecast that NuScale Power Co. will post -0.62 earnings per share for the current year.

NuScale Power Profile

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NuScale Power Corporation develops and sells 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, a water reactor that can generate 77 megawatts of electricity (MWe); The VOYGR-12 power plant that can generate 924 MWe; and four-module VOYGR-4 and six-module VOYGR-6 plants, as well as other configurations based on customer needs.

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Institutional Ownership by Quarter for NuScale Power (NYSE:SMR)

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