CenterBook Partners LP Has $6.10 Million Stock Holdings in Core Scientific, Inc. $CORZ

CenterBook Partners LP reduced its position in shares of Core Scientific, Inc. (NASDAQ:CORZ) by 69.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 357,370 shares of the company’s stock after selling 830,718 shares during the quarter. CenterBook Partners LP owned about 0.12% of Core Scientific worth $6,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC grew its stake in Core Scientific by 96.5% in the second quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock valued at $33,000 after acquiring an additional 946 shares during the period. Bernard Wealth Management Corp. bought a new position in shares of Core Scientific in the 2nd quarter worth $51,000. PNC Financial Services Group Inc. grew its position in Core Scientific by 396.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the company’s stock valued at $64,000 after purchasing an additional 2,980 shares during the period. Farther Finance Advisors LLC bought a new stake in Core Scientific during the 2nd quarter valued at $65,000. Finally, Nisa Investment Advisors LLC increased its stake in Core Scientific by 192.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,662 shares of the company’s stock valued at $80,000 after purchasing an additional 3,067 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CORZ. Jefferies Financial Group set a $24.00 price objective on shares of Core Scientific and gave the company a “buy” rating in a report on Tuesday, October 28th. Zacks Research downgraded Core Scientific from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. B. Riley raised Core Scientific from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, October 22nd. Macquarie upgraded Core Scientific from a “hold” rating to an “outperform” rating and raised their target price for the company from $18.00 to $34.00 in a report on Friday, October 31st. Finally, Sanford C. Bernstein upped their price target on Core Scientific from $17.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.39.

Core Scientific Stock Down 2.8%

Shares of NASDAQ CORZ opened at $14.73 on Friday. The company has a market capitalization of $4.57 billion, a PE ratio of 98.21 and a beta of 6.59. The stock’s 50 day moving average price is $18.08 and its 200-day moving average price is $14.84. Core Scientific, Inc. has a twelve month low of $6.20 and a twelve month high of $23.63.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings results on Friday, October 24th. The company reported ($0.46) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.39. The business had revenue of $81.10 million for the quarter, compared to the consensus estimate of $107.18 million. As a group, research analysts expect that Core Scientific, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at Core Scientific

In related news, Director Eric Stanton Weiss purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average cost of $21.50 per share, with a total value of $107,500.00. Following the acquisition, the director owned 226,687 shares of the company’s stock, valued at $4,873,770.50. This represents a 2.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by insiders.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.