16,085 Shares in Hut 8 Corp. $HUT Acquired by BBR Partners LLC

BBR Partners LLC bought a new stake in shares of Hut 8 Corp. (NASDAQ:HUT) in the third quarter, Holdings Channel.com reports. The fund bought 16,085 shares of the company’s stock, valued at approximately $560,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zweig DiMenna Associates LLC lifted its stake in shares of Hut 8 by 256.5% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 707,000 shares of the company’s stock worth $24,611,000 after purchasing an additional 508,700 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Hut 8 by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,728,037 shares of the company’s stock valued at $269,013,000 after buying an additional 140,248 shares during the last quarter. Tobam boosted its holdings in shares of Hut 8 by 6.1% in the 3rd quarter. Tobam now owns 37,060 shares of the company’s stock valued at $1,290,000 after buying an additional 2,115 shares in the last quarter. Cibc World Market Inc. bought a new stake in shares of Hut 8 in the 3rd quarter valued at about $261,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Hut 8 in the 3rd quarter worth approximately $229,000. Institutional investors own 31.75% of the company’s stock.

Hut 8 Trading Down 1.7%

Shares of NASDAQ:HUT opened at $52.94 on Wednesday. The business’s 50 day moving average price is $53.00 and its 200-day moving average price is $42.30. Hut 8 Corp. has a 1 year low of $10.04 and a 1 year high of $66.07. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of -135.74 and a beta of 4.42. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.72 and a quick ratio of 0.72.

Analyst Ratings Changes

A number of equities research analysts recently commented on HUT shares. Citigroup reissued an “outperform” rating on shares of Hut 8 in a research report on Tuesday, October 21st. Wall Street Zen upgraded Hut 8 from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Northland Securities set a $58.00 price objective on Hut 8 in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hut 8 in a research report on Monday, December 29th. Finally, Benchmark reiterated a “buy” rating on shares of Hut 8 in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $64.69.

Hut 8 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.