Rockefeller Capital Management L.P. decreased its stake in BitMine Immersion Technologies, Inc. (NYSE:BMNR – Free Report) by 38.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,425 shares of the company’s stock after selling 107,961 shares during the period. Rockefeller Capital Management L.P.’s holdings in BitMine Immersion Technologies were worth $4,681,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of BMNR. Morgan Stanley raised its stake in BitMine Immersion Technologies by 25.8% during the 4th quarter. Morgan Stanley now owns 12,197,071 shares of the company’s stock valued at $331,151,000 after purchasing an additional 2,500,368 shares during the last quarter. Marex Group plc grew its position in BitMine Immersion Technologies by 560.1% in the 4th quarter. Marex Group plc now owns 10,024,103 shares of the company’s stock worth $272,154,000 after purchasing an additional 8,505,421 shares during the last quarter. ARK Investment Management LLC grew its position in BitMine Immersion Technologies by 26.6% in the 4th quarter. ARK Investment Management LLC now owns 9,457,330 shares of the company’s stock worth $256,767,000 after purchasing an additional 1,987,517 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of BitMine Immersion Technologies by 29.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,916,195 shares of the company’s stock worth $133,475,000 after purchasing an additional 1,131,556 shares during the period. Finally, Amova Asset Management Americas Inc. increased its holdings in shares of BitMine Immersion Technologies by 29.9% during the 4th quarter. Amova Asset Management Americas Inc. now owns 4,911,524 shares of the company’s stock worth $133,397,000 after purchasing an additional 1,129,706 shares during the period.
BitMine Immersion Technologies Stock Up 1.9%
NYSE:BMNR opened at $13.57 on Friday. BitMine Immersion Technologies, Inc. has a 12-month low of $4.07 and a 12-month high of $161.00. The firm has a market capitalization of $7.73 billion and a PE ratio of -104.37. The firm has a 50-day moving average price of $19.05 and a 200 day moving average price of $22.86.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Weiss Ratings assumed coverage on shares of BitMine Immersion Technologies in a research note on Friday, April 17th. They issued a “sell (d-)” rating for the company. Cantor Fitzgerald upgraded BitMine Immersion Technologies to a “strong-buy” rating in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BitMine Immersion Technologies has an average rating of “Moderate Buy” and a consensus target price of $34.50.
Get Our Latest Stock Analysis on BitMine Immersion Technologies
BitMine Immersion Technologies Company Profile
BitMine Immersion Technologies, Inc (NYSE American: BMNR) is an engineering and technology company specializing in immersion cooling solutions for digital asset mining and high-performance computing (HPC) applications. The company develops proprietary direct-to-chip systems that submerge servers in non-conductive dielectric fluids to efficiently remove heat, enabling clients to achieve higher processing density and improved energy efficiency.
BitMine offers turnkey services spanning system design, equipment supply, installation and ongoing maintenance.
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