Universal Beteiligungs und Servicegesellschaft mbH Acquires 32,177 Shares of Hut 8 Corp. $HUT

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Hut 8 Corp. (NASDAQ:HUT - Free Report) by 17.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 218,561 shares of the company's stock after purchasing an additional 32,177 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of Hut 8 worth $10,046,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Harvest Portfolios Group Inc. lifted its position in Hut 8 by 75.3% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 85,093 shares of the company's stock valued at $2,962,000 after acquiring an additional 36,543 shares in the last quarter. Paradiem LLC acquired a new position in Hut 8 in the 3rd quarter worth $1,652,000. Steadview Capital Management LLC bought a new position in Hut 8 during the 3rd quarter worth about $985,000. Y Intercept Hong Kong Ltd increased its holdings in Hut 8 by 26.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 131,110 shares of the company's stock worth $4,564,000 after purchasing an additional 27,568 shares in the last quarter. Finally, Zweig DiMenna Associates LLC raised its stake in shares of Hut 8 by 256.5% in the 3rd quarter. Zweig DiMenna Associates LLC now owns 707,000 shares of the company's stock valued at $24,611,000 after purchasing an additional 508,700 shares during the period. 31.75% of the stock is currently owned by institutional investors and hedge funds.

Hut 8 Stock Performance

NASDAQ HUT opened at $77.00 on Monday. The firm has a market capitalization of $8.54 billion, a P/E ratio of -33.19 and a beta of 4.38. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.12. The firm's fifty day moving average price is $56.62 and its two-hundred day moving average price is $51.54. Hut 8 Corp. has a 1 year low of $11.86 and a 1 year high of $83.18.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. BTIG Research upped their price objective on Hut 8 from $55.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday. Piper Sandler lifted their target price on Hut 8 from $74.00 to $93.00 and gave the company an "overweight" rating in a research report on Tuesday, April 21st. Cantor Fitzgerald boosted their target price on Hut 8 from $68.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, April 9th. Canaccord Genuity Group upped their price target on Hut 8 from $62.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Finally, 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. Sixteen analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Hut 8 currently has an average rating of "Moderate Buy" and an average price target of $76.38.

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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