Universal Beteiligungs und Servicegesellschaft mbH Purchases 91,384 Shares of Hut 8 Corp. $HUT

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Hut 8 Corp. (NASDAQ:HUT) by 96.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 186,384 shares of the company’s stock after purchasing an additional 91,384 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.18% of Hut 8 worth $6,488,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in Hut 8 by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 1,613 shares of the company’s stock valued at $30,000 after purchasing an additional 655 shares during the last quarter. Main Management ETF Advisors LLC raised its position in shares of Hut 8 by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 44,713 shares of the company’s stock valued at $832,000 after buying an additional 732 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Hut 8 by 1.1% during the 2nd quarter. Intech Investment Management LLC now owns 66,957 shares of the company’s stock valued at $1,245,000 after buying an additional 734 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Hut 8 by 116.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,515 shares of the company’s stock valued at $28,000 after acquiring an additional 815 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Hut 8 by 13.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,625 shares of the company’s stock valued at $179,000 after acquiring an additional 1,150 shares during the last quarter. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HUT shares. Craig Hallum restated a “buy” rating and set a $80.00 price objective on shares of Hut 8 in a research report on Thursday, December 18th. B. Riley increased their price target on Hut 8 from $61.00 to $76.00 and gave the company a “buy” rating in a report on Friday, January 9th. Piper Sandler reaffirmed an “overweight” rating on shares of Hut 8 in a research note on Thursday, December 18th. Benchmark reissued a “buy” rating on shares of Hut 8 in a research note on Wednesday, December 17th. Finally, Citigroup restated an “outperform” rating on shares of Hut 8 in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Hut 8 presently has a consensus rating of “Buy” and an average target price of $56.76.

Hut 8 Trading Up 5.6%

Shares of HUT opened at $58.22 on Monday. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of -149.28 and a beta of 4.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.72 and a quick ratio of 0.72. Hut 8 Corp. has a 1-year low of $10.04 and a 1-year high of $62.91. The company has a 50-day moving average of $47.83 and a 200 day moving average of $38.19.

Hut 8 (NASDAQ:HUT) last issued its earnings results on Tuesday, November 4th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.09. Hut 8 had a net margin of 115.39% and a return on equity of 8.06%. The business had revenue of $80.72 million for the quarter, compared to analyst estimates of $64.70 million. On average, research analysts expect that Hut 8 Corp. will post -0.53 EPS for the current year.

Hut 8 Company 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.