Hut 8 Mining Corp. (NASDAQ:HUT) Position Increased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its position in Hut 8 Mining Corp. (NASDAQ:HUTGet Rating) by 145.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,571 shares of the company’s stock after acquiring an additional 39,466 shares during the period. Oppenheimer & Co. Inc.’s holdings in Hut 8 Mining were worth $367,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Blueshift Asset Management LLC acquired a new stake in shares of Hut 8 Mining in the first quarter valued at approximately $100,000. Pictet Asset Management SA bought a new stake in shares of Hut 8 Mining during the fourth quarter valued at approximately $96,000. Swiss National Bank bought a new stake in shares of Hut 8 Mining during the fourth quarter valued at approximately $2,697,000. Public Sector Pension Investment Board bought a new stake in shares of Hut 8 Mining during the fourth quarter valued at approximately $2,881,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Hut 8 Mining during the fourth quarter valued at approximately $92,000. 12.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HUT shares. DA Davidson cut Hut 8 Mining from a “buy” rating to a “neutral” rating in a report on Wednesday, August 17th. HC Wainwright cut their price target on Hut 8 Mining from $19.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, May 19th. Finally, Canaccord Genuity Group cut their price target on Hut 8 Mining from $12.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, May 13th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

Hut 8 Mining Trading Down 2.6 %

Shares of NASDAQ:HUT opened at $1.91 on Tuesday. Hut 8 Mining Corp. has a 12 month low of $1.27 and a 12 month high of $16.57. The stock’s 50 day moving average price is $2.06 and its 200 day moving average price is $3.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 10.61 and a quick ratio of 10.61.

Hut 8 Mining Company Profile

(Get Rating)

Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 51 BlockBoxes in Medicine Hat, Alberta. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.

Recommended Stories

Want to see what other hedge funds are holding HUT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hut 8 Mining Corp. (NASDAQ:HUTGet Rating).

Institutional Ownership by Quarter for Hut 8 Mining (NASDAQ:HUT)

Receive News & Ratings for Hut 8 Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hut 8 Mining and related companies with MarketBeat.com's FREE daily email newsletter.