Core Scientific, Inc. $CORZ Stock Holdings Lowered by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 42.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 52,896 shares of the company’s stock after selling 39,294 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Core Scientific were worth $905,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CORZ. HHM Wealth Advisors LLC lifted its stake in Core Scientific by 96.5% during the second 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 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 acquiring an additional 1,066 shares during the period. Advisors Asset Management Inc. lifted its position 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 valued at $46,000 after acquiring an additional 1,092 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in Core Scientific in the 2nd quarter worth approximately $51,000. Finally, PNC Financial Services Group Inc. raised its stake in Core Scientific by 396.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the company’s stock valued at $64,000 after purchasing an additional 2,980 shares during the period.

Core Scientific Stock Down 0.7%

Shares of CORZ stock opened at $17.74 on Wednesday. Core Scientific, Inc. has a 12 month low of $6.20 and a 12 month high of $23.63. The firm has a market cap of $5.50 billion, a PE ratio of 118.27 and a beta of 6.86. The stock has a 50 day moving average of $16.85 and a 200-day moving average of $16.48.

Analyst Ratings Changes

Several brokerages recently issued reports on CORZ. Craig Hallum set a $27.00 price objective on Core Scientific in a research note on Friday, October 31st. Roth Mkm reissued a “buy” rating on shares of Core Scientific in a research report on Friday, October 31st. Sanford C. Bernstein raised their price target on shares of Core Scientific from $17.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. UBS Group set a $30.00 price objective on shares of Core Scientific in a research report on Wednesday, October 22nd. Finally, Macquarie upgraded shares of Core Scientific from a “hold” rating to an “outperform” rating and increased their target price for the stock from $18.00 to $34.00 in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.69.

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.