2 weeks Ago By Defense World Staff
Alliancebernstein L.P. boosted its stake in Hut 8 Corp.
( NASDAQ:HUT – Free Report ) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,428 shares of the company’s stock after purchasing an additional 2,518 shares during the quarter.
Alliancebernstein L.P. owned about 0.
09% of Hut 8 worth $1,771,000 as of its most recent SEC filing. Several other hedge funds have also recently added to or reduced their stakes in HUT. Nisa Investment Advisors LLC increased its stake in shares of Hut 8 by 77.
9% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 545 shares during the last quarter. Arizona State Retirement System grew its holdings in Hut 8 by 2.
8% during the fourth quarter. Arizona State Retirement System now owns 23,764 shares of the company’s stock valued at $487,000 after purchasing an additional 637 shares during the period. Foundations Investment Advisors LLC increased its stake in Hut 8 by 1.
9% in the fourth quarter. Foundations Investment Advisors LLC now owns 50,687 shares of the company’s stock valued at $1,039,000 after purchasing an additional 932 shares in the last quarter. R Squared Ltd acquired a new stake in Hut 8 in the fourth quarter worth $26,000.
Finally, New York State Common Retirement Fund boosted its position in shares of Hut 8 by 5.6% during the fourth quarter. New York State Common Retirement Fund now owns 27,140 shares of the company’s stock worth $556,000 after purchasing an additional 1,440 shares in the last quarter.
Institutional investors and hedge funds own 31.75% of the company’s stock. Analyst Upgrades and Downgrades A number of analysts recently commented on HUT shares.
Benchmark lowered their price objective on shares of Hut 8 from $41.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd.
BTIG Research started coverage on Hut 8 in a research report on Monday. They set a “buy” rating and a $18.00 price target on the stock.
Cantor Fitzgerald reiterated an “overweight” rating and issued a $30.00 price objective on shares of Hut 8 in a research report on Friday, March 7th. Canaccord Genuity Group restated a “buy” rating and set a $32.
00 target price on shares of Hut 8 in a report on Tuesday, March 4th. Finally, Rosenblatt Securities initiated coverage on shares of Hut 8 in a report on Friday, March 7th. They issued a “buy” rating and a $23.
00 price target for the company. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $28.36.
Hut 8 Stock Performance Shares of HUT stock opened at $11.19 on Friday. Hut 8 Corp.
has a 12 month low of $7.38 and a 12 month high of $31.95.
The company’s fifty day simple moving average is $14.05 and its 200-day simple moving average is $18.88.
The company has a debt-to-equity ratio of 0.35, a current ratio of 1.00 and a quick ratio of 1.
00. About Hut 8 ( Free Report ) Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States.
It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other. Featured Articles Five stocks we like better than Hut 8 How to Find Undervalued Stocks Tariff Exemptions Set the Stage for a Taiwan Semiconductor Rally Ride Out The Recession With These Dividend Kings Mitigating Tariffs: 3 Stocks to Gain From a Weaker U.S.
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