Regal Partners Ltd Purchases Shares of 94,860 Hut 8 Corp. $HUT

Key Points

• Regal Partners Ltd purchased 94,860 shares of Hut 8 in Q3, a new position valued at about $3.30 million that represented roughly 0.09% of the company.
• Several large institutions also increased or opened positions—Ameriprise boosted its stake by 1,043% to 2.49M shares, Thames Capital and Moore Capital initiated multimillion‑dollar positions—and institutional/hedge ownership stands around 31.75%.
• Hut 8 shares opened at $47.07 (down 8.4%), the company has a $5.22B market cap and high volatility (beta 4.42), and analysts maintain a consensus "Moderate Buy" with a $65.56 price target (many firms have set targets in the $65–$80 range).

Regal Partners Ltd acquired a new position in shares of Hut 8 Corp. (NASDAQ:HUT - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 94,860 shares of the company's stock, valued at approximately $3,302,000. Regal Partners Ltd owned 0.09% of Hut 8 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HUT. Ameriprise Financial Inc. lifted its stake in shares of Hut 8 by 1,043.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,486,814 shares of the company's stock valued at $46,255,000 after purchasing an additional 2,269,237 shares during the period. Thames Capital Management LLC purchased a new position in Hut 8 in the third quarter valued at $25,084,000. Zweig DiMenna Associates LLC increased its holdings in Hut 8 by 256.5% in the third quarter. Zweig DiMenna Associates LLC now owns 707,000 shares of the company's stock valued at $24,611,000 after buying an additional 508,700 shares in the last quarter. Moore Capital Management LP acquired a new position in shares of Hut 8 in the second quarter worth about $9,159,000. Finally, JPMorgan Chase & Co. raised its position in shares of Hut 8 by 337.0% in the second quarter. JPMorgan Chase & Co. now owns 454,012 shares of the company's stock worth $8,445,000 after acquiring an additional 350,112 shares during the period. 31.75% of the stock is owned by hedge funds and other institutional investors.

Hut 8 Stock Down 8.4%

Shares of NASDAQ HUT opened at $47.07 on Friday. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of -20.29 and a beta of 4.42. The company's 50-day simple moving average is $55.09 and its 200-day simple moving average is $45.02. 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.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HUT shares. Canaccord Genuity Group raised their target price on Hut 8 from $62.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, February 27th. HC Wainwright reaffirmed a "buy" rating and issued a $80.00 price target on shares of Hut 8 in a report on Thursday, February 26th. Rosenblatt Securities reiterated a "buy" rating and set a $65.00 price target on shares of Hut 8 in a research report on Thursday, February 26th. Benchmark reissued a "buy" rating on shares of Hut 8 in a report on Wednesday, December 17th. Finally, Roth Mkm restated a "buy" rating and issued a $80.00 price objective on shares of Hut 8 in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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