Aurelius Capital Management LP Invests $5.14 Million in TeraWulf Inc. $WULF

Aurelius Capital Management LP purchased a new position in TeraWulf Inc. (NASDAQ:WULF) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 450,000 shares of the company’s stock, valued at approximately $5,139,000. TeraWulf makes up 9.3% of Aurelius Capital Management LP’s portfolio, making the stock its 4th biggest holding. Aurelius Capital Management LP owned about 0.11% of TeraWulf as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. GPS Wealth Strategies Group LLC boosted its stake in TeraWulf by 366.2% during the third quarter. GPS Wealth Strategies Group LLC now owns 3,590 shares of the company’s stock worth $41,000 after acquiring an additional 2,820 shares in the last quarter. Financial Consulate Inc. bought a new stake in shares of TeraWulf in the 3rd quarter worth approximately $57,000. PNC Financial Services Group Inc. grew its stake in shares of TeraWulf by 116.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,346 shares of the company’s stock worth $61,000 after buying an additional 2,874 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in TeraWulf by 265.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,609 shares of the company’s stock valued at $29,000 after buying an additional 4,800 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in TeraWulf by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 6,767 shares of the company’s stock valued at $30,000 after buying an additional 2,748 shares in the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WULF shares. Rosenblatt Securities boosted their target price on TeraWulf from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Needham & Company LLC restated a “buy” rating and set a $21.00 price target on shares of TeraWulf in a report on Tuesday, February 3rd. Cantor Fitzgerald lifted their price target on TeraWulf from $18.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Keefe, Bruyette & Woods dropped their price target on shares of TeraWulf from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of TeraWulf in a research report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.62.

Insider Buying and Selling

In other TeraWulf news, Director Michael C. Bucella bought 3,171 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was acquired at an average price of $15.78 per share, with a total value of $50,038.38. Following the transaction, the director owned 270,129 shares in the company, valued at $4,262,635.62. This represents a 1.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders bought 5,256 shares of company stock valued at $80,109. 19.90% of the stock is currently owned by company insiders.

TeraWulf Stock Down 3.9%

WULF stock opened at $14.63 on Friday. TeraWulf Inc. has a 1-year low of $2.06 and a 1-year high of $18.51. The business has a fifty day moving average price of $14.68 and a 200-day moving average price of $13.25. The company has a debt-to-equity ratio of 33.00, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a market capitalization of $6.20 billion, a P/E ratio of -8.97 and a beta of 3.67.

TeraWulf Company Profile

TeraWulf, Inc (NASDAQ: WULF) is a digital asset infrastructure company focused on the development and operation of zero-carbon bitcoin mining facilities. The company integrates sustainable power generation with high-density data center technologies to deliver environmentally responsible digital asset mining services. Its core business revolves around designing, building and operating large-scale mining projects powered exclusively by renewable or emissions-free energy sources.

One of TeraWulf’s flagship projects is “Project Nautilus,” located in Tompkins County, New York, which harnesses hydroelectric power sourced from the New York State Electric & Gas (NYSEG) grid.