Core Scientific, Inc. $CORZ Position Reduced by Aurelius Capital Management LP

Aurelius Capital Management LP trimmed its holdings in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 35.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 438,394 shares of the company’s stock after selling 236,058 shares during the period. Core Scientific comprises 50.9% of Aurelius Capital Management LP’s investment portfolio, making the stock its largest position. Aurelius Capital Management LP owned 0.14% of Core Scientific worth $7,483,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CORZ. HHM Wealth Advisors LLC lifted its holdings in shares of Core Scientific by 96.5% during the 2nd quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock valued at $33,000 after acquiring an additional 946 shares in the last quarter. Advisors Asset Management Inc. raised its position in Core Scientific by 68.3% in the second quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock valued at $46,000 after purchasing an additional 1,092 shares during the period. Bernard Wealth Management Corp. purchased a new position in Core Scientific in the second quarter valued at about $51,000. PNC Financial Services Group Inc. lifted its stake in shares of Core Scientific by 396.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the company’s stock worth $64,000 after purchasing an additional 2,980 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Core Scientific in the second quarter worth about $65,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Sanford C. Bernstein raised their target price on Core Scientific from $17.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. JMP Securities reiterated a “market perform” rating on shares of Core Scientific in a research note on Tuesday, August 12th. B. Riley raised shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, October 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Core Scientific in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Core Scientific from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.39.

Core Scientific Price Performance

Shares of CORZ stock opened at $16.97 on Monday. The firm has a fifty day moving average of $18.05 and a two-hundred day moving average of $15.14. The firm has a market cap of $5.26 billion, a P/E ratio of 113.14 and a beta of 6.77. Core Scientific, Inc. has a 1-year low of $6.20 and a 1-year high of $23.63.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings results on Friday, October 24th. The company reported ($0.46) EPS for the quarter, topping the consensus estimate of ($0.85) by $0.39. The company had revenue of $81.10 million for the quarter, compared to the consensus estimate of $107.18 million. On average, sell-side analysts expect that Core Scientific, Inc. will post 0.52 EPS for the current year.

Insider Activity at Core Scientific

In other news, Director Eric Stanton Weiss bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of $21.50 per share, for a total transaction of $107,500.00. Following the transaction, the director owned 226,687 shares in the company, valued at $4,873,770.50. The trade was a 2.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.