Barclays PLC Has $1.53 Million Stock Position in Hut 8 Corp. (NASDAQ:HUT)

Barclays PLC lifted its holdings in shares of Hut 8 Corp. (NASDAQ:HUT - Free Report) by 29.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 124,527 shares of the company's stock after buying an additional 28,532 shares during the period. Barclays PLC owned about 0.14% of Hut 8 worth $1,526,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Y Intercept Hong Kong Ltd grew its holdings in shares of Hut 8 by 25.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 60,492 shares of the company's stock valued at $742,000 after purchasing an additional 12,314 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Hut 8 during the third quarter worth $162,000. State Street Corp grew its stake in shares of Hut 8 by 12.6% during the third quarter. State Street Corp now owns 2,740,769 shares of the company's stock worth $33,602,000 after buying an additional 307,292 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Hut 8 during the third quarter worth $1,382,000. Finally, Clearline Capital LP lifted its stake in shares of Hut 8 by 966.7% in the 3rd quarter. Clearline Capital LP now owns 199,576 shares of the company's stock valued at $2,447,000 after acquiring an additional 180,867 shares during the last quarter. 31.75% of the stock is currently owned by institutional investors.

Hut 8 Trading Down 6.6 %

Hut 8 stock traded down $1.57 during mid-day trading on Friday, hitting $22.32. 4,634,786 shares of the stock were exchanged, compared to its average volume of 5,416,645. Hut 8 Corp. has a 12 month low of $6.18 and a 12 month high of $31.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.35. The firm's fifty day simple moving average is $22.99 and its two-hundred day simple moving average is $16.56.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HUT shares. Stifel Nicolaus boosted their price objective on Hut 8 from $15.00 to $18.00 and gave the stock a "speculative buy" rating in a research report on Wednesday, October 30th. Canaccord Genuity Group boosted their price target on Hut 8 from $22.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Cantor Fitzgerald began coverage on shares of Hut 8 in a report on Monday, December 9th. They issued an "overweight" rating and a $35.00 price objective for the company. Benchmark boosted their target price on shares of Hut 8 from $17.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Craig Hallum raised their price target on shares of Hut 8 from $15.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $31.88.

About Hut 8

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.