WINTON GROUP Ltd Purchases Shares of 39,800 Hut 8 Corp. $HUT

WINTON GROUP Ltd acquired a new position in Hut 8 Corp. (NASDAQ:HUT) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 39,800 shares of the company’s stock, valued at approximately $1,385,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in Hut 8 by 1,043.0% in the second quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company’s stock valued at $46,255,000 after buying an additional 2,269,237 shares during the last quarter. Thames Capital Management LLC purchased a new position in Hut 8 during the 3rd quarter worth approximately $25,084,000. Zweig DiMenna Associates LLC lifted its stake in Hut 8 by 256.5% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 707,000 shares of the company’s stock valued at $24,611,000 after acquiring an additional 508,700 shares during the period. Moore Capital Management LP purchased a new stake in shares of Hut 8 in the 2nd quarter valued at $9,159,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Hut 8 by 337.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 454,012 shares of the company’s stock valued at $8,445,000 after acquiring an additional 350,112 shares during the last quarter. Institutional investors and hedge funds own 31.75% of the company’s stock.

Hut 8 Price Performance

Hut 8 stock opened at $51.12 on Thursday. The company’s fifty day moving average price is $55.25 and its 200 day moving average price is $45.60. Hut 8 Corp. has a 1 year low of $10.04 and a 1 year high of $66.07. The stock has a market capitalization of $5.67 billion, a P/E ratio of -22.03 and a beta of 4.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Buying and Selling at Hut 8

In other Hut 8 news, CFO Sean Joseph Glennan sold 4,625 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total transaction of $226,856.25. Following the transaction, the chief financial officer directly owned 12,068 shares of the company’s stock, valued at $591,935.40. This trade represents a 27.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Victor Semah sold 5,498 shares of Hut 8 stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total transaction of $269,676.90. Following the completion of the sale, the insider owned 24,796 shares in the company, valued at approximately $1,216,243.80. This trade represents a 18.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 11.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Hut 8 from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Craig Hallum reaffirmed a “buy” rating and issued a $80.00 price target on shares of Hut 8 in a report on Thursday, December 18th. Roth Mkm reaffirmed a “buy” rating and set a $80.00 price target on shares of Hut 8 in a research report on Tuesday, January 27th. Weiss Ratings lowered Hut 8 from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 2nd. Finally, B. Riley Financial boosted their price objective on Hut 8 from $61.00 to $76.00 and gave the company a “buy” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hut 8 presently has an average rating of “Moderate Buy” and an average target price of $65.56.

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.