Samsung C&T Corp Sells 3,600,000 Shares of NuScale Power Corporation $SMR

Samsung C&T Corp decreased its holdings in shares of NuScale Power Corporation (NYSE:SMR) by 69.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,585,804 shares of the company’s stock after selling 3,600,000 shares during the period. NuScale Power makes up approximately 100.0% of Samsung C&T Corp’s portfolio, making the stock its largest position. Samsung C&T Corp’s holdings in NuScale Power were worth $22,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Concorde Asset Management LLC increased its stake in shares of NuScale Power by 53.5% during the 4th quarter. Concorde Asset Management LLC now owns 11,280 shares of the company’s stock worth $160,000 after purchasing an additional 3,930 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in shares of NuScale Power by 371.7% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 58,972 shares of the company’s stock worth $836,000 after buying an additional 46,470 shares during the period. Hohimer Wealth Management LLC boosted its holdings in shares of NuScale Power by 107.0% during the 4th quarter. Hohimer Wealth Management LLC now owns 51,352 shares of the company’s stock worth $728,000 after buying an additional 26,548 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of NuScale Power by 29.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 269,172 shares of the company’s stock worth $3,814,000 after buying an additional 60,616 shares during the period. Finally, Intesa Sanpaolo S.p.A. bought a new stake in shares of NuScale Power during the 4th quarter worth $1,524,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Analyst Upgrades and Downgrades

SMR has been the subject of several recent analyst reports. The Goldman Sachs Group set a $9.00 price objective on shares of NuScale Power in a report on Friday, May 8th. Citigroup decreased their price objective on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a report on Monday, May 11th. Canaccord Genuity Group decreased their price objective on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a report on Friday, February 27th. Barclays decreased their price objective on shares of NuScale Power from $45.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, February 23rd. Finally, Northland Securities set a $19.00 price objective on shares of NuScale Power in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.92.

NuScale Power Stock Performance

NYSE:SMR opened at $9.89 on Friday. The company has a 50-day moving average of $11.42 and a 200-day moving average of $14.42. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of -3.39 and a beta of 2.20. NuScale Power Corporation has a 52 week low of $8.85 and a 52 week high of $57.42.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The business had revenue of $0.57 million for the quarter, compared to the consensus estimate of $7.00 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The firm’s revenue for the quarter was down 95.8% on a year-over-year basis. Sell-side analysts forecast that NuScale Power Corporation will post -0.46 EPS for the current year.

Insider Activity

In related news, Director Corp Fluor sold 13,500,000 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total transaction of $159,435,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 39,936,472 shares of company stock worth $472,831,169. Company insiders own 1.28% of the company’s stock.

NuScale Power Profile

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.