Charles Schwab Investment Management Inc. grew its holdings in Bit Digital, Inc. (NASDAQ:BTBT - Free Report) by 192.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 806,631 shares of the company's stock after purchasing an additional 530,411 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Bit Digital were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of Bit Digital by 25.2% in the 3rd quarter. Van ECK Associates Corp now owns 4,459,689 shares of the company's stock valued at $17,259,000 after buying an additional 898,329 shares during the period. Millennium Management LLC boosted its holdings in Bit Digital by 66.6% in the second quarter. Millennium Management LLC now owns 2,586,392 shares of the company's stock worth $8,225,000 after acquiring an additional 1,033,767 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Bit Digital in the second quarter valued at approximately $2,126,000. Bank of New York Mellon Corp increased its holdings in shares of Bit Digital by 51.0% during the second quarter. Bank of New York Mellon Corp now owns 373,241 shares of the company's stock valued at $1,187,000 after acquiring an additional 126,101 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Bit Digital during the third quarter worth approximately $1,222,000. Institutional investors own 47.70% of the company's stock.
Bit Digital Price Performance
Shares of BTBT stock traded up $0.21 during trading hours on Monday, reaching $4.31. The company had a trading volume of 34,444,816 shares, compared to its average volume of 10,883,995. The business has a fifty day simple moving average of $4.10 and a 200-day simple moving average of $3.51. Bit Digital, Inc. has a 12 month low of $1.76 and a 12 month high of $5.74. The company has a market cap of $355.49 million, a price-to-earnings ratio of 75.17 and a beta of 4.80.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. B. Riley began coverage on shares of Bit Digital in a research report on Thursday, October 24th. They issued a "buy" rating and a $6.00 price target for the company. HC Wainwright reiterated a "buy" rating and set a $7.00 price objective on shares of Bit Digital in a report on Tuesday, November 19th.
Get Our Latest Analysis on BTBT
About Bit Digital
(
Free Report)
Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.
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