Bank of New York Mellon Corp increased its stake in Hut 8 Corp. (NASDAQ:HUT – Free Report) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,240 shares of the company’s stock after acquiring an additional 6,400 shares during the period. Bank of New York Mellon Corp’s holdings in Hut 8 were worth $5,025,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HUT. Entropy Technologies LP purchased a new position in Hut 8 in the third quarter worth approximately $170,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Hut 8 in the 3rd quarter valued at $9,997,000. Intech Investment Management LLC purchased a new stake in shares of Hut 8 during the 3rd quarter worth $133,000. Charles Schwab Investment Management Inc. grew its stake in shares of Hut 8 by 31.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 833,165 shares of the company’s stock worth $10,215,000 after purchasing an additional 197,074 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Hut 8 by 24.6% in the third quarter. BNP Paribas Financial Markets now owns 18,520 shares of the company’s stock valued at $227,000 after buying an additional 3,653 shares during the last quarter. 31.75% of the stock is currently owned by hedge funds and other institutional investors.
Hut 8 Stock Up 2.6 %
Shares of HUT opened at $12.95 on Tuesday. The company’s 50 day simple moving average is $19.58 and its 200-day simple moving average is $18.82. Hut 8 Corp. has a 12-month low of $6.95 and a 12-month high of $31.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.00.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on HUT
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.
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