Aurelius Capital Management LP Acquires 32,571 Shares of Core Scientific, Inc. $CORZ

Aurelius Capital Management LP increased its holdings in Core Scientific, Inc. (NASDAQ:CORZ) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 470,965 shares of the company’s stock after purchasing an additional 32,571 shares during the quarter. Core Scientific accounts for 15.3% of Aurelius Capital Management LP’s holdings, making the stock its 2nd biggest position. Aurelius Capital Management LP owned about 0.15% of Core Scientific worth $8,449,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Xponance Inc. increased its holdings in shares of Core Scientific by 2.7% in the third quarter. Xponance Inc. now owns 22,334 shares of the company’s stock valued at $401,000 after buying an additional 595 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Core Scientific by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,029 shares of the company’s stock worth $377,000 after acquiring an additional 711 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Core Scientific by 5.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 15,539 shares of the company’s stock worth $279,000 after acquiring an additional 766 shares during the last quarter. HHM Wealth Advisors LLC raised its position in shares of Core Scientific by 96.5% during the second quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock worth $33,000 after purchasing an additional 946 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of Core Scientific by 112.1% during the second quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after purchasing an additional 1,066 shares during the last quarter.

Analysts Set New Price Targets

CORZ has been the subject of a number of recent analyst reports. Needham & Company LLC upgraded Core Scientific from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Core Scientific from $19.00 to $25.00 and gave the company a “moderate buy” rating in a research note on Tuesday, January 27th. Zacks Research upgraded shares of Core Scientific from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. LADENBURG THALM/SH SH dropped their target price on shares of Core Scientific from $24.50 to $23.75 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Core Scientific in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Core Scientific has a consensus rating of “Moderate Buy” and a consensus price target of $24.84.

Core Scientific Trading Down 1.8%

Shares of Core Scientific stock opened at $16.24 on Friday. Core Scientific, Inc. has a 1 year low of $6.20 and a 1 year high of $23.63. The company has a market cap of $5.12 billion, a P/E ratio of 13.88 and a beta of 6.87. The stock has a 50-day moving average price of $17.37 and a 200 day moving average price of $17.00.

Core Scientific (NASDAQ:CORZ) last released its earnings results on Monday, March 2nd. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.69. The business had revenue of $79.76 million for the quarter, compared to analysts’ expectations of $118.45 million. The company’s revenue was down 16.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.69) EPS. On average, equities analysts forecast that Core Scientific, Inc. will post 0.52 earnings per share for the current fiscal year.

Core Scientific Company Profile

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.