39,800 Shares in Hut 8 Corp. $HUT Purchased by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd established a new position in Hut 8 (NASDAQ:HUT), buying 39,800 shares in the third quarter valued at about $1.385 million per its latest 13F filing.
• Insiders sold stock on March 10—Victor Semah offloaded 5,498 shares and CFO Sean Glennan sold 4,625 shares at an average price of $49.05—leaving insiders with about 11.20% ownership.
• Hut 8 has a market cap of roughly $5.67 billion, a 52-week range of $10.04–$66.07, and an average analyst rating of "Moderate Buy" with an average target price of $65.56.

WINTON GROUP Ltd purchased a new position in Hut 8 Corp. (NASDAQ:HUT - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 39,800 shares of the company's stock, valued at approximately $1,385,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Millennium Management LLC raised its position in shares of Hut 8 by 11.9% during the first quarter. Millennium Management LLC now owns 330,416 shares of the company's stock valued at $3,839,000 after buying an additional 35,120 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Hut 8 by 20.7% during the second quarter. Teacher Retirement System of Texas now owns 14,855 shares of the company's stock worth $276,000 after acquiring an additional 2,550 shares during the last quarter. Bank of Montreal Can grew its stake in Hut 8 by 21.7% during the second quarter. Bank of Montreal Can now owns 18,806 shares of the company's stock valued at $351,000 after acquiring an additional 3,358 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Hut 8 by 31.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,179 shares of the company's stock valued at $171,000 after acquiring an additional 2,186 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Hut 8 by 10.2% in the 2nd quarter. ProShare Advisors LLC now owns 19,330 shares of the company's stock valued at $360,000 after acquiring an additional 1,794 shares during the last quarter. 31.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hut 8 news, insider Victor Semah sold 5,498 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total transaction of $269,676.90. Following the sale, the insider owned 24,796 shares of the company's stock, valued at approximately $1,216,243.80. The trade was a 18.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Sean Joseph Glennan sold 4,625 shares of the company's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $49.05, for a total value of $226,856.25. Following the completion of the transaction, the chief financial officer directly owned 12,068 shares in the company, valued at approximately $591,935.40. The trade was a 27.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 11.20% of the company's stock.

Hut 8 Stock Performance

Shares of HUT stock opened at $51.12 on Thursday. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of -22.03 and a beta of 4.42. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.12. Hut 8 Corp. has a 52-week low of $10.04 and a 52-week high of $66.07. The company's 50 day moving average is $55.25 and its 200 day moving average is $45.60.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Piper Sandler reiterated an "overweight" rating on shares of Hut 8 in a research report on Thursday, December 18th. Roth Mkm restated a "buy" rating and issued a $80.00 price target on shares of Hut 8 in a research report on Tuesday, January 27th. HC Wainwright reaffirmed a "buy" rating and set a $80.00 price target on shares of Hut 8 in a research note on Thursday, February 26th. Wall Street Zen lowered shares of Hut 8 from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. Finally, Benchmark reissued a "buy" rating on shares of Hut 8 in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $65.56.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.