Aurelius Capital Management LP Has $2.62 Million Stock Holdings in Bitdeer Technologies Group $BTDR

Aurelius Capital Management LP grew its position in Bitdeer Technologies Group (NASDAQ:BTDR) by 87.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 228,433 shares of the company’s stock after purchasing an additional 106,780 shares during the quarter. Bitdeer Technologies Group comprises approximately 17.8% of Aurelius Capital Management LP’s investment portfolio, making the stock its 3rd biggest holding. Aurelius Capital Management LP owned about 0.20% of Bitdeer Technologies Group worth $2,622,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BTDR. Advisors Asset Management Inc. boosted its holdings in Bitdeer Technologies Group by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,570 shares of the company’s stock worth $30,000 after acquiring an additional 1,044 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Bitdeer Technologies Group during the second quarter valued at about $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in Bitdeer Technologies Group in the 1st quarter worth approximately $55,000. Ameritas Investment Partners Inc. acquired a new stake in Bitdeer Technologies Group in the 2nd quarter worth approximately $105,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Bitdeer Technologies Group during the 2nd quarter worth approximately $129,000. 22.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BTDR has been the topic of several research reports. Cantor Fitzgerald upped their target price on Bitdeer Technologies Group from $30.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. HC Wainwright decreased their target price on Bitdeer Technologies Group from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Needham & Company LLC upped their target price on Bitdeer Technologies Group from $17.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Benchmark reiterated a “buy” rating on shares of Bitdeer Technologies Group in a report on Monday, October 20th. Finally, B. Riley decreased their price objective on shares of Bitdeer Technologies Group from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Twelve analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Bitdeer Technologies Group presently has an average rating of “Moderate Buy” and an average target price of $30.33.

Bitdeer Technologies Group Stock Performance

BTDR opened at $13.43 on Monday. The firm has a fifty day moving average price of $18.28 and a 200 day moving average price of $15.19. Bitdeer Technologies Group has a 1 year low of $6.84 and a 1 year high of $27.80. The stock has a market cap of $2.84 billion, a P/E ratio of -2.39 and a beta of 2.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.74.

Bitdeer Technologies Group (NASDAQ:BTDR) last issued its quarterly earnings data on Monday, November 10th. The company reported ($1.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($1.06). Bitdeer Technologies Group had a negative return on equity of 91.31% and a negative net margin of 115.59%.The firm had revenue of $169.71 million during the quarter, compared to analyst estimates of $151.80 million. During the same quarter last year, the company posted ($0.35) EPS. The company’s revenue was up 173.7% on a year-over-year basis. Equities research analysts anticipate that Bitdeer Technologies Group will post -0.73 earnings per share for the current year.

Bitdeer Technologies Group Company Profile

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.