Clover Asset Management Makes New Investment in SMR (NYSE: SMR)

Clover Asset Management acquired 250,000 shares of SMR (NYSE: SMR) for $2.06 million, citing confidence in next-generation nuclear energy. SMR maintains an average "Buy" rating with a $13.94 price target. End Quote

(1888PressRelease) April 03, 2025 - Clover Asset Management has acquired a new position in shares of SMR (NYSE: SMR) at the end of the third quarter, according to its most recent filing with the Financial Conduct Authority. The institutional investor purchased 250,000 shares of the nuclear energy company’s stock on August 30, 2024, valued at approximately $2,057,500 at a price of $8.23 per share.

Several other hedge funds have also modified their holdings in SMR. Nisa Investment Advisors LLC boosted its holdings by 19.7% during the second quarter. The firm now owns 455 shares of SMR stock, worth $3,740, after purchasing an additional 75 shares. Flagship Harbor Advisors LLC increased its position by 36.8%, now holding 390 shares, worth $3,210, after buying an additional 105 shares. Steward Partners Investment Advisory LLC also expanded its position in SMR, raising its holdings by 315.8%, bringing its total to 395 shares, valued at $3,250. Global Retirement Partners LLC and Central Bank & Trust Co. also recently acquired stakes in SMR, worth $2,600 and $3,300, respectively. Currently, 51.86% of SMR stock is owned by institutional investors and hedge funds.

SMR (NYSE: SMR) has been the subject of several recent analyst reports. BidaskClub recently downgraded shares of SMR from a “buy” rating to a “hold” rating. JPMorgan Chase & Co. upgraded SMR from a “neutral” rating to an “overweight” rating, increasing their price target from $10.50 to $27.50 in a report on August 5, 2024. Zacks Investment Research downgraded SMR from a “buy” rating to a “hold” rating and set a $14.50 price target in a report on August 25, 2024. HC Wainwright raised their price objective on SMR from $10.10 to $13.20 and maintained a “buy” rating in a report on July 16, 2024.

Meanwhile, B. Riley reiterated a “buy” rating and issued a $25.70 price objective in a report on August 17, 2024. Overall, one research analyst has issued a “sell” rating, two have issued a “hold” rating, and seven have issued a “buy” rating. The company currently has an average rating of “Buy” and an average price target of $13.94.

“This acquisition aligns with Clover Asset Management’s strategy of investing in high-growth energy sector opportunities, particularly in next-generation nuclear energy solutions,” said Peter Charles Lynch, Head of Trading at Clover Asset Management. “We believe SMR represents a strong long-term investment with significant upside potential as the global demand for clean and sustainable energy sources continues to rise.”

For further information, please visit clover-assets.com or contact: Clover Asset Management.

http://www.clover-assets.com

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