Situational Awareness LP increased its position in shares of Hut 8 Corp. (NASDAQ:HUT – Free Report) by 43.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 860,200 shares of the company’s stock after buying an additional 261,200 shares during the quarter. Hut 8 accounts for about 0.7% of Situational Awareness LP’s portfolio, making the stock its 16th biggest holding. Situational Awareness LP’s holdings in Hut 8 were worth $39,518,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of HUT. GAMMA Investing LLC bought a new position in shares of Hut 8 during the fourth quarter worth about $30,000. Russell Investments Group Ltd. grew its holdings in shares of Hut 8 by 235.8% during the second quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock worth $46,000 after buying an additional 1,719 shares in the last quarter. Activest Wealth Management bought a new position in shares of Hut 8 during the fourth quarter worth about $49,000. CWM LLC grew its holdings in shares of Hut 8 by 37.4% during the fourth quarter. CWM LLC now owns 1,106 shares of the company’s stock worth $51,000 after buying an additional 301 shares in the last quarter. Finally, Danske Bank A S bought a new position in shares of Hut 8 during the fourth quarter worth about $51,000. 31.75% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, CFO Sean Joseph Glennan sold 4,625 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $49.05, for a total value of $226,856.25. Following the completion of the sale, the chief financial officer directly owned 12,068 shares of the company’s stock, valued at $591,935.40. This trade represents a 27.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Amy Marie Wilkinson sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $100.78, for a total value of $2,015,600.00. Following the completion of the sale, the director directly owned 262,136 shares of the company’s stock, valued at approximately $26,418,066.08. The trade was a 7.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 74,628 shares of company stock valued at $6,976,321. Corporate insiders own 10.40% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Hut 8
Hut 8 Stock Down 12.1%
HUT stock opened at $112.24 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $86.14 and a two-hundred day moving average price of $62.88. The company has a market cap of $12.64 billion, a price-to-earnings ratio of -37.41 and a beta of 4.61. Hut 8 Corp. has a twelve month low of $15.26 and a twelve month high of $140.80.
Hut 8 (NASDAQ:HUT – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). Hut 8 had a negative net margin of 109.77% and a negative return on equity of 0.35%. The business had revenue of $139.31 million during the quarter, compared to analyst estimates of $78.53 million. Analysts anticipate that Hut 8 Corp. will post -1.29 EPS for the current fiscal year.
Hut 8 Company Profile
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.
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