Nisa Investment Advisors LLC Grows Stock Holdings in Hut 8 Corp. $HUT

Nisa Investment Advisors LLC boosted its stake in shares of Hut 8 Corp. (NASDAQ:HUT) by 937.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,715 shares of the company’s stock after buying an additional 14,200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hut 8 were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in Hut 8 by 19.4% during the second quarter. Rhumbline Advisers now owns 146,356 shares of the company’s stock worth $2,722,000 after purchasing an additional 23,753 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new position in shares of Hut 8 in the second quarter valued at $3,688,000. Tobam raised its stake in shares of Hut 8 by 48.9% during the 2nd quarter. Tobam now owns 34,945 shares of the company’s stock worth $650,000 after buying an additional 11,482 shares during the last quarter. Paradiem LLC purchased a new stake in shares of Hut 8 in the 3rd quarter worth about $1,652,000. Finally, Tactive Advisors LLC boosted its position in shares of Hut 8 by 42.6% in the 3rd quarter. Tactive Advisors LLC now owns 93,958 shares of the company’s stock worth $3,271,000 after buying an additional 28,082 shares in the last quarter. 31.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on HUT. Keefe, Bruyette & Woods lifted their target price on shares of Hut 8 from $30.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, December 19th. JMP Securities raised their price objective on shares of Hut 8 from $25.00 to $65.00 and gave the stock a “market outperform” rating in a research note on Tuesday, October 21st. Craig Hallum reaffirmed a “buy” rating and issued a $80.00 target price on shares of Hut 8 in a research note on Thursday, December 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hut 8 in a report on Monday, December 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $60.00 price target on shares of Hut 8 in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $56.76.

Hut 8 Trading Up 4.1%

Shares of HUT opened at $59.65 on Friday. Hut 8 Corp. has a fifty-two week low of $10.04 and a fifty-two week high of $62.91. The company has a market capitalization of $6.44 billion, a PE ratio of -152.95 and a beta of 4.41. The stock has a fifty day moving average of $46.14 and a two-hundred day moving average of $36.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.72 and a current ratio of 0.72.

Hut 8 (NASDAQ:HUT) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.09. The business had revenue of $80.72 million for the quarter, compared to analysts’ expectations of $64.70 million. Hut 8 had a return on equity of 8.06% and a net margin of 115.39%. As a group, analysts forecast that Hut 8 Corp. will post -0.53 EPS for the current year.

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.