Eisler Capital Management Ltd. Has $857,000 Stock Position in Core Scientific, Inc. $CORZ

Eisler Capital Management Ltd. reduced its holdings in Core Scientific, Inc. (NASDAQ:CORZ) by 74.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,250 shares of the company’s stock after selling 150,200 shares during the period. Eisler Capital Management Ltd.’s holdings in Core Scientific were worth $857,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CORZ. HHM Wealth Advisors LLC increased its holdings in shares of Core Scientific by 96.5% in the 2nd quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock valued at $33,000 after purchasing an additional 946 shares during the period. Bernard Wealth Management Corp. acquired a new stake in shares of Core Scientific during the second quarter worth approximately $51,000. PNC Financial Services Group Inc. grew its position in Core Scientific by 396.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the company’s stock valued at $64,000 after purchasing an additional 2,980 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in Core Scientific in the 2nd quarter valued at approximately $65,000. Finally, Nisa Investment Advisors LLC lifted its position in Core Scientific by 192.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,662 shares of the company’s stock worth $80,000 after buying an additional 3,067 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Eric Stanton Weiss purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were bought at an average cost of $21.50 per share, for a total transaction of $107,500.00. Following the transaction, the director directly owned 226,687 shares of the company’s stock, valued at approximately $4,873,770.50. This trade represents a 2.26% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CORZ. Zacks Research cut shares of Core Scientific from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. UBS Group set a $30.00 target price on Core Scientific in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Core Scientific in a research report on Wednesday, October 8th. Macquarie upgraded Core Scientific from a “hold” rating to an “outperform” rating and lifted their price target for the company from $18.00 to $34.00 in a report on Friday, October 31st. Finally, Roth Capital restated a “buy” rating on shares of Core Scientific in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Core Scientific currently has an average rating of “Hold” and an average target price of $22.39.

Core Scientific Stock Up 6.9%

Shares of NASDAQ:CORZ opened at $15.75 on Tuesday. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 105.01 and a beta of 6.59. The business has a 50 day moving average price of $18.07 and a 200 day moving average price of $14.96. Core Scientific, Inc. has a twelve month low of $6.20 and a twelve month high of $23.63.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings results on Friday, October 24th. The company reported ($0.46) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.39. The business had revenue of $81.10 million for the quarter, compared to analyst estimates of $107.18 million. Analysts anticipate that Core Scientific, Inc. will post 0.52 EPS for the current year.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.