New York State Common Retirement Fund Sells 12,900 Shares of Bit Digital, Inc. (NASDAQ:BTBT)

New York State Common Retirement Fund decreased its holdings in shares of Bit Digital, Inc. (NASDAQ:BTBT) by 34.5% in the fourth quarter, HoldingsChannel reports. The firm owned 24,516 shares of the company’s stock after selling 12,900 shares during the quarter. New York State Common Retirement Fund’s holdings in Bit Digital were worth $72,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rhumbline Advisers raised its position in Bit Digital by 4.5% during the 4th quarter. Rhumbline Advisers now owns 156,715 shares of the company’s stock valued at $459,000 after purchasing an additional 6,809 shares during the last quarter. Tidal Investments LLC raised its position in shares of Bit Digital by 22.0% in the 3rd quarter. Tidal Investments LLC now owns 45,800 shares of the company’s stock worth $161,000 after acquiring an additional 8,250 shares in the last quarter. Crescent Grove Advisors LLC bought a new position in shares of Bit Digital in the 3rd quarter worth approximately $35,000. Creative Planning bought a new position in shares of Bit Digital in the 3rd quarter worth approximately $37,000. Finally, Stifel Financial Corp bought a new position in shares of Bit Digital in the 3rd quarter worth approximately $38,000. Institutional investors own 47.70% of the company’s stock.

Bit Digital Stock Down 3.6 %

Bit Digital stock opened at $2.40 on Friday. The company has a market capitalization of $368.42 million, a P/E ratio of 40.00 and a beta of 5.13. The stock’s 50 day moving average is $3.11 and its 200 day moving average is $3.51. Bit Digital, Inc. has a twelve month low of $1.76 and a twelve month high of $5.74.

Wall Street Analyst Weigh In

BTBT has been the subject of several research reports. Craig Hallum initiated coverage on Bit Digital in a research report on Tuesday, January 21st. They issued a “buy” rating and a $6.00 target price for the company. HC Wainwright reissued a “buy” rating and issued a $7.00 target price on shares of Bit Digital in a research report on Tuesday, November 19th.

Bit Digital Profile

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.