Hut 8 Corp. $HUT Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in Hut 8 Corp. (NASDAQ:HUT) by 73.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,624 shares of the company’s stock after buying an additional 58,405 shares during the period. Sei Investments Co.’s holdings in Hut 8 were worth $6,456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC lifted its holdings in Hut 8 by 37.4% in the fourth quarter. CWM LLC now owns 1,106 shares of the company’s stock valued at $51,000 after acquiring an additional 301 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Hut 8 by 1.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,685 shares of the company’s stock worth $996,000 after acquiring an additional 362 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Hut 8 by 4.5% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 8,992 shares of the company’s stock valued at $413,000 after purchasing an additional 388 shares during the period. Integrated Wealth Concepts LLC raised its position in Hut 8 by 4.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 10,028 shares of the company’s stock valued at $461,000 after purchasing an additional 456 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Hut 8 by 27.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,194 shares of the company’s stock valued at $103,000 after purchasing an additional 474 shares during the last quarter. Institutional investors and hedge funds own 31.75% of the company’s stock.

Insider Buying and Selling at Hut 8

In related news, Director Amy Marie Wilkinson sold 20,000 shares of Hut 8 stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $100.78, for a total value of $2,015,600.00. Following the completion of the transaction, the director owned 262,136 shares in the company, valued at approximately $26,418,066.08. The trade was a 7.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Victor Semah sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the sale, the insider directly owned 31,378 shares in the company, valued at approximately $3,922,250. The trade was a 24.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 102,206 shares of company stock worth $11,376,242. 10.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald increased their price target on Hut 8 from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Needham & Company LLC upped their target price on shares of Hut 8 from $128.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Weiss Ratings lowered shares of Hut 8 from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. Loop Capital set a $226.00 price target on shares of Hut 8 in a research note on Monday, June 22nd. Finally, Citizens Jmp upped their price objective on shares of Hut 8 from $100.00 to $140.00 and gave the stock a “market outperform” rating in a report on Thursday, May 7th. Eighteen research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.85.

Hut 8 Price Performance

HUT opened at $112.08 on Tuesday. The stock’s 50-day moving average price is $111.97 and its 200 day moving average price is $81.33. Hut 8 Corp. has a 12-month low of $18.68 and a 12-month high of $140.80. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of -37.36 and a beta of 4.64. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12.

Hut 8 (NASDAQ:HUT) last released its earnings results on Wednesday, May 6th. The company reported ($1.98) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($1.65). The firm had revenue of $139.31 million during the quarter, compared to analyst estimates of $78.53 million. Hut 8 had a negative net margin of 109.77% and a negative return on equity of 0.35%. As a group, sell-side analysts expect that Hut 8 Corp. will post -2.52 earnings per share for the current year.

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.