Hut 8 Corp. $HUT Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Hut 8 Corp. (NASDAQ:HUT) by 31.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 211,681 shares of the company’s stock after acquiring an additional 50,360 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hut 8 were worth $24,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of HUT. Canada Pension Plan Investment Board acquired a new stake in Hut 8 during the 2nd quarter valued at approximately $45,301,000. Dimensional Fund Advisors LP boosted its holdings in Hut 8 by 11.1% during the first quarter. Dimensional Fund Advisors LP now owns 207,619 shares of the company’s stock worth $9,717,000 after buying an additional 20,813 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Hut 8 by 4,669,387.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock valued at $186,629,000 after buying an additional 4,062,367 shares during the period. Handelsbanken Fonder AB purchased a new position in Hut 8 in the fourth quarter valued at $1,153,000. Finally, Dayah Capital LLC raised its position in shares of Hut 8 by 12.6% in the first quarter. Dayah Capital LLC now owns 217,920 shares of the company’s stock worth $10,223,000 after acquiring an additional 24,456 shares during the period. 31.75% of the stock is currently owned by hedge funds and other institutional investors.

Hut 8 Trading Up 6.2%

HUT stock opened at $93.54 on Friday. Hut 8 Corp. has a 12-month low of $24.20 and a 12-month high of $140.80. The business’s 50-day moving average is $95.29 and its 200 day moving average is $86.07. The company has a current ratio of 19.35, a quick ratio of 19.35 and a debt-to-equity ratio of 4.22. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of -17.16 and a beta of 4.51.

Hut 8 (NASDAQ:HUT) last announced its earnings results on Wednesday, August 5th. The company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.72). The firm had revenue of $74.93 million for the quarter, compared to analyst estimates of $79.37 million. Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.97%. During the same period in the previous year, the company earned $1.18 EPS. On average, sell-side analysts anticipate that Hut 8 Corp. will post -2.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on HUT. Jefferies Financial Group started coverage on Hut 8 in a research report on Thursday, May 14th. They set a “buy” rating and a $156.00 target price on the stock. BTIG Research increased their price target on Hut 8 from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Morgan Stanley initiated coverage on Hut 8 in a report on Thursday, July 23rd. They issued an “overweight” rating and a $263.00 price objective on the stock. Loop Capital set a $226.00 target price on Hut 8 in a research note on Monday, June 22nd. Finally, Freedom Capital upgraded Hut 8 to a “strong-buy” rating in a research report on Tuesday, August 18th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Hut 8 has an average rating of “Buy” and a consensus target price of $144.89.

Insider Buying and Selling

In other news, CFO Sean Glennan sold 6,445 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $78.76, for a total transaction of $507,608.20. Following the transaction, the chief financial officer directly owned 17,978 shares in the company, valued at $1,415,947.28. The trade was a 26.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Joseph Flinn sold 30,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $116.21, for a total value of $3,544,405.00. Following the completion of the sale, the director owned 18,238 shares of the company’s stock, valued at $2,119,437.98. This trade represents a 62.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 54,664 shares of company stock worth $6,212,160. 10.40% of the stock is owned by insiders.

Hut 8 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.