CenterBook Partners LP Cuts Position in Core Scientific, Inc. $CORZ

CenterBook Partners LP decreased its position in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 83.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,404 shares of the company’s stock after selling 299,966 shares during the period. CenterBook Partners LP’s holdings in Core Scientific were worth $1,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC raised 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 buying an additional 946 shares in the last quarter. Osaic Holdings Inc. raised its stake 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 worth $34,000 after acquiring an additional 1,066 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Core Scientific by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock worth $46,000 after acquiring an additional 1,092 shares during the last quarter. Main Management ETF Advisors LLC boosted its stake in shares of Core Scientific by 1.6% in the 2nd quarter. Main Management ETF Advisors LLC now owns 82,075 shares of the company’s stock valued at $1,401,000 after purchasing an additional 1,332 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Core Scientific by 61.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,942 shares of the company’s stock valued at $67,000 after purchasing an additional 1,507 shares during the last quarter.

Core Scientific Price Performance

Shares of NASDAQ:CORZ opened at $17.30 on Friday. The stock’s 50-day moving average is $16.98 and its 200 day moving average is $16.79. The company has a market cap of $5.36 billion, a PE ratio of 115.34 and a beta of 6.86. Core Scientific, Inc. has a 1 year low of $6.20 and a 1 year high of $23.63.

Analyst Ratings Changes

CORZ has been the subject of several analyst reports. BTIG Research upgraded shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, January 6th. Citizens Jmp upgraded Core Scientific from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Thursday, December 18th. Keefe, Bruyette & Woods raised their price target on Core Scientific from $19.00 to $25.00 and gave the stock a “moderate buy” rating in a research report on Tuesday, January 27th. Craig Hallum set a $27.00 price target on Core Scientific in a research note on Friday, October 31st. Finally, HC Wainwright raised Core Scientific from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell 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 $24.21.

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.