Hut 8 Corp. $HUT Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Hut 8 stake by 11.1% in the first quarter, bringing its holdings to 207,619 shares valued at approximately $9.7 million. Institutional investors collectively own 31.75% of the company.
• Hut 8’s latest quarterly results missed expectations, with a $1.27 per-share loss versus the anticipated $0.55 loss and revenue of $72.66 million below the $79.37 million consensus estimate.
• Despite continued analyst support and interest in Hut 8’s AI infrastructure strategy, the stock remains volatile: shares opened at $88.59, while insiders sold 85,710 shares worth $9.6 million during the quarter.

Dimensional Fund Advisors LP increased its position in Hut 8 Corp. (NASDAQ:HUT - Free Report) by 11.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 207,619 shares of the company's stock after acquiring an additional 20,813 shares during the period. Dimensional Fund Advisors LP owned approximately 0.18% of Hut 8 worth $9,717,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in Hut 8 by 11.9% during the 1st quarter. Millennium Management LLC now owns 330,416 shares of the company's stock worth $3,839,000 after acquiring an additional 35,120 shares during the period. Prudential Financial Inc. acquired a new position in shares of Hut 8 during the second quarter valued at $216,000. Russell Investments Group Ltd. raised its stake in shares of Hut 8 by 235.8% during the second quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company's stock valued at $46,000 after purchasing an additional 1,719 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Hut 8 by 19.9% during the second quarter. New York State Common Retirement Fund now owns 32,540 shares of the company's stock valued at $605,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Hut 8 by 13.2% in the second quarter. Invesco Ltd. now owns 1,067,985 shares of the company's stock worth $19,865,000 after purchasing an additional 124,439 shares during the period. 31.75% of the stock is currently owned by institutional investors.

Hut 8 Price Performance

Hut 8 stock opened at $88.59 on Monday. The firm has a market cap of $10.92 billion, a PE ratio of -16.26 and a beta of 4.64. The company has a debt-to-equity ratio of 4.22, a quick ratio of 19.35 and a current ratio of 19.35. The firm's 50 day moving average price is $109.85 and its two-hundred day moving average price is $82.30. Hut 8 Corp. has a twelve month low of $18.68 and a twelve month high of $140.80.

Hut 8 (NASDAQ:HUT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.72). Hut 8 had a negative net margin of 188.59% and a negative return on equity of 0.97%. The firm had revenue of $72.66 million during the quarter, compared to the consensus estimate of $79.37 million. During the same period in the previous year, the firm posted $1.18 EPS. On average, research analysts predict that Hut 8 Corp. will post -2.8 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Rick Rickertsen sold 17,491 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $110.00, for a total value of $1,924,010.00. Following the completion of the sale, the director directly owned 17,491 shares in the company, valued at approximately $1,924,010. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy Marie Wilkinson sold 20,000 shares of the company's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $100.78, for a total transaction of $2,015,600.00. Following the sale, the director directly owned 262,136 shares of the company's stock, valued at approximately $26,418,066.08. This represents a 7.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 85,710 shares of company stock worth $9,644,162. Insiders own 10.40% of the company's stock.

Key Stories Impacting Hut 8

Here are the key news stories impacting Hut 8 this week:

• Positive Sentiment: Analyst support remains strong. Maxim Group upgraded Hut 8 to “Strong-Buy,” while Rosenblatt Securities issued a “Buy” rating. Maxim’s bullish stance provides some support despite near-term losses. Hut 8 Earns Buy Rating from Rosenblatt Securities
• Positive Sentiment: AI infrastructure pivot is attracting investor interest. Recent coverage highlights Hut 8’s move toward AI data-center infrastructure, a strategy that could diversify the company beyond cryptocurrency mining and create higher-growth revenue opportunities. Why Hut 8 Is Up After Pivoting Toward AI Data Center Infrastructure
• Neutral Sentiment: Price targets still imply substantial upside. Keefe, Bruyette & Woods lowered its target to $154 from $157 but maintained an “Outperform” rating. Needham also reduced its target to $138, signaling less optimism than before but continued potential upside. Needham Lowers Hut 8 Price Target
• Negative Sentiment: Quarterly results missed expectations. Hut 8 reported a loss of $1.27 per share versus the expected $0.55 loss, while revenue of $72.66 million fell short of the $79.37 million consensus estimate. The earnings miss has pressured the stock. Hut 8 Trading Down After Earnings Miss
• Negative Sentiment: Profit forecasts were cut significantly. Northland Securities reduced its 2026 EPS estimate to a $3.37 loss from a $0.68 loss, including deeper projected losses in the third and fourth quarters. Maxim also forecasts substantial losses through 2028, including a $15.13 loss per share in 2027 and a $28.33 loss in 2028.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HUT. Rosenblatt Securities reiterated a "buy" rating and issued a $124.00 price objective on shares of Hut 8 in a report on Wednesday, August 5th. Canaccord Genuity Group boosted their target price 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 upped their target price on Hut 8 from $115.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Loop Capital set a $226.00 price target on Hut 8 in a research note on Monday, June 22nd. Finally, Maxim Group upgraded Hut 8 to a "strong-buy" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $139.15.

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.

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