Hut 8 Corp. (NASDAQ:HUT) Shares Purchased by Barclays PLC

Barclays PLC increased its position in shares of Hut 8 Corp. (NASDAQ:HUT) by 29.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 124,527 shares of the company’s stock after purchasing an additional 28,532 shares during the quarter. Barclays PLC owned 0.13% of Hut 8 worth $1,526,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC raised its holdings in shares of Hut 8 by 2.1% in the third quarter. Foundations Investment Advisors LLC now owns 49,755 shares of the company’s stock worth $610,000 after acquiring an additional 1,027 shares during the last quarter. AM Investment Strategies LLC raised its holdings in shares of Hut 8 by 3.6% in the third quarter. AM Investment Strategies LLC now owns 44,000 shares of the company’s stock worth $539,000 after acquiring an additional 1,521 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Hut 8 in the second quarter worth $42,000. Capital Performance Advisors LLP acquired a new position in shares of Hut 8 in the third quarter worth $40,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Hut 8 by 24.6% in the third quarter. BNP Paribas Financial Markets now owns 18,520 shares of the company’s stock worth $227,000 after acquiring an additional 3,653 shares during the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HUT. Canaccord Genuity Group lifted their price objective on Hut 8 from $22.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 price objective on shares of Hut 8 in a research report on Tuesday, January 7th. Needham & Company LLC lifted their price objective on Hut 8 from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Benchmark reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Hut 8 in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods began coverage on Hut 8 in a research report on Wednesday, January 8th. They issued an “outperform” rating for the company. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Hut 8 presently has an average rating of “Buy” and an average price target of $33.00.

Hut 8 Stock Performance

NASDAQ:HUT opened at $23.40 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. Hut 8 Corp. has a one year low of $6.18 and a one year high of $31.95. The business’s 50-day simple moving average is $24.38 and its 200 day simple moving average is $17.29.

About Hut 8

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.