Barclays PLC increased its position in Hut 8 Corp. (NASDAQ:HUT - Free Report) by 29.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 124,527 shares of the company's stock after purchasing an additional 28,532 shares during the quarter. Barclays PLC owned approximately 0.13% of Hut 8 worth $1,526,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of HUT. Capital Performance Advisors LLP acquired a new stake in Hut 8 during the third quarter worth approximately $40,000. Amalgamated Bank acquired a new stake in Hut 8 during the 2nd quarter worth approximately $42,000. Intech Investment Management LLC bought a new stake in Hut 8 in the 3rd quarter valued at $133,000. Victory Capital Management Inc. acquired a new position in Hut 8 in the 2nd quarter valued at $154,000. Finally, XTX Topco Ltd bought a new position in Hut 8 during the 3rd quarter worth $162,000. 31.75% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on HUT shares. Stifel Nicolaus upped their target price on Hut 8 from $15.00 to $18.00 and gave the company a "speculative buy" rating in a research report on Wednesday, October 30th. Benchmark restated a "buy" rating and set a $41.00 price objective on shares of Hut 8 in a research report on Tuesday, January 7th. Craig Hallum boosted their target price on Hut 8 from $15.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Needham & Company LLC reissued a "buy" rating and issued a $38.00 price objective on shares of Hut 8 in a research note on Monday. Finally, Piper Sandler assumed coverage on Hut 8 in a research report on Tuesday, December 17th. They set an "overweight" rating and a $33.00 target price for the company. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $33.00.
Check Out Our Latest Report on HUT
Hut 8 Price Performance
Hut 8 stock opened at $22.20 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.00. Hut 8 Corp. has a 52-week low of $6.18 and a 52-week high of $31.95. The stock's 50 day moving average price is $24.38 and its two-hundred day moving average price is $17.29.
Hut 8 Profile
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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.
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