4,208 Shares in Hut 8 Corp. $HUT Bought by Mcguire Capital Advisors Inc.

Mcguire Capital Advisors Inc. purchased a new stake in Hut 8 Corp. (NASDAQ:HUT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,208 shares of the company’s stock, valued at approximately $193,000.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of Hut 8 during the fourth quarter worth about $30,000. Imprint Wealth LLC purchased a new stake in shares of Hut 8 in the fourth quarter worth about $38,000. Russell Investments Group Ltd. grew its stake in shares of Hut 8 by 235.8% in the second quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock valued at $46,000 after buying an additional 1,719 shares in the last quarter. Activest Wealth Management purchased a new stake in shares of Hut 8 during the 4th quarter valued at about $49,000. Finally, Danske Bank A S purchased a new stake in shares of Hut 8 during the 4th quarter valued at about $51,000. 31.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HUT has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price target on Hut 8 from $70.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. BTIG Research boosted their target price on shares of Hut 8 from $90.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Citigroup reissued an “outperform” rating on shares of Hut 8 in a research report on Tuesday, April 28th. Northland Securities set a $120.00 target price on shares of Hut 8 in a research note on Thursday, May 7th. Finally, Needham & Company LLC raised their price target on shares of Hut 8 from $88.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Seventeen analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.72.

Hut 8 Price Performance

Shares of NASDAQ HUT opened at $124.44 on Friday. Hut 8 Corp. has a fifty-two week low of $15.26 and a fifty-two week high of $140.80. The business has a 50 day moving average price of $98.63 and a two-hundred day moving average price of $68.02. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.12. The firm has a market cap of $14.01 billion, a PE ratio of -41.48 and a beta of 4.61.

Hut 8 (NASDAQ:HUT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($1.65). Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%.The business had revenue of $139.31 million for the quarter, compared to analysts’ expectations of $78.53 million. Sell-side analysts expect that Hut 8 Corp. will post -1.29 earnings per share for the current fiscal year.

Insider Activity at Hut 8

In other Hut 8 news, Director Amy Marie Wilkinson sold 20,000 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $100.78, for a total transaction of $2,015,600.00. Following the transaction, the director directly owned 262,136 shares in the company, valued at $26,418,066.08. This represents a 7.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph Flinn sold 7,719 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $117.91, for a total transaction of $910,147.29. Following the transaction, the director owned 10,519 shares in the company, valued at $1,240,295.29. This trade represents a 42.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 112,724 shares of company stock worth $12,184,340 in the last ninety days. 10.40% of the stock is currently owned by corporate insiders.

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.