Legal & General Group Plc Purchases New Shares in Hut 8 Corp. $HUT

Posted by on Sep 2nd, 2026

Legal & General Group Plc acquired a new position in Hut 8 Corp. (NASDAQ:HUT – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 78,456 shares of the company’s stock, valued at approximately $9,057,000. Legal & General Group Plc owned 0.06% of Hut 8 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new position in shares of Hut 8 in the 2nd quarter valued at about $5,171,000. Thomist Capital Management LP purchased a new stake in shares of Hut 8 in the second quarter valued at approximately $2,446,000. Van Hulzen Asset Management LLC acquired a new position in shares of Hut 8 during the 2nd quarter worth approximately $225,000. Algert Global LLC lifted its position in shares of Hut 8 by 59.9% during the 2nd quarter. Algert Global LLC now owns 119,540 shares of the company’s stock valued at $13,800,000 after buying an additional 44,770 shares in the last quarter. Finally, Gallo Partners LP acquired a new stake in Hut 8 in the 2nd quarter valued at $547,000. 31.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hut 8 news, Director Joseph Flinn sold 7,719 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $117.91, for a total value of $910,147.29. Following the transaction, the director directly owned 10,519 shares in the company, valued at $1,240,295.29. The trade was a 42.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Joseph Glennan sold 6,445 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $78.76, for a total transaction of $507,608.20. Following the completion of the sale, the chief financial officer directly owned 17,978 shares of the company’s stock, valued at approximately $1,415,947.28. This trade represents a 26.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 54,664 shares of company stock worth $6,212,160. Insiders own 10.40% of the company’s stock.

Analyst Ratings Changes

HUT has been the subject of a number of research analyst reports. Morgan Stanley began coverage on shares of Hut 8 in a research report on Thursday, July 23rd. They set an “overweight” rating and a $263.00 price objective for the company. Weiss Ratings downgraded shares of Hut 8 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. Benchmark raised their price target on shares of Hut 8 from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. B. Riley Financial lifted their price objective on Hut 8 from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Citizens Jmp boosted their price objective on Hut 8 from $100.00 to $140.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $144.89.

Check Out Our Latest Report on Hut 8

Hut 8 Stock Performance

NASDAQ HUT opened at $77.57 on Wednesday. The stock’s fifty day moving average is $97.17 and its two-hundred day moving average is $85.57. The firm has a market capitalization of $9.56 billion, a P/E ratio of -14.23 and a beta of 4.51. The company has a debt-to-equity ratio of 4.22, a quick ratio of 19.35 and a current ratio of 19.35. Hut 8 Corp. has a fifty-two week low of $24.20 and a fifty-two week high of $140.80.

Hut 8 (NASDAQ:HUT – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72). The company had revenue of $74.93 million during the quarter, compared to analyst estimates of $79.37 million. Hut 8 had a negative return on equity of 0.97% and a negative net margin of 188.59%.During the same period last year, the business earned $1.18 earnings per share. On average, research analysts anticipate that Hut 8 Corp. will post -2.85 earnings per share for the current year.

Hut 8 Company Profile

(Free Report)

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.

Further Reading

Institutional Ownership by Quarter for Hut 8 (NASDAQ:HUT)

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