Hut 8 Corp. $HUT Shares Acquired by Value Aligned Research Advisors LLC

Value Aligned Research Advisors LLC lifted its position in shares of Hut 8 Corp. (NASDAQ:HUT) by 110.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,948,995 shares of the company’s stock after purchasing an additional 1,021,955 shares during the period. Hut 8 comprises about 0.8% of Value Aligned Research Advisors LLC’s holdings, making the stock its 27th largest position. Value Aligned Research Advisors LLC’s holdings in Hut 8 were worth $67,845,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Hut 8 by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 7,728,037 shares of the company’s stock worth $269,013,000 after buying an additional 140,248 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Hut 8 by 20.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,991,466 shares of the company’s stock valued at $104,133,000 after acquiring an additional 504,652 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Hut 8 by 13.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,563,091 shares of the company’s stock worth $47,679,000 after acquiring an additional 309,113 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hut 8 by 45.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,555,800 shares of the company’s stock worth $54,156,000 after purchasing an additional 486,721 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Hut 8 by 13.2% during 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 last quarter. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Hut 8 Trading Down 4.7%

HUT opened at $49.36 on Thursday. 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. The business’s 50 day moving average is $54.80 and its two-hundred day moving average is $46.44. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of -21.28 and a beta of 4.42.

Analysts Set New Price Targets

HUT has been the topic of several recent analyst reports. Craig Hallum reiterated a “buy” rating and issued a $80.00 price target on shares of Hut 8 in a research note on Thursday, December 18th. Roth Mkm restated a “buy” rating and set a $80.00 price objective on shares of Hut 8 in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods increased their target price on shares of Hut 8 from $55.00 to $75.00 and gave the company a “moderate buy” rating in a research report on Tuesday, January 27th. Wall Street Zen lowered shares of Hut 8 from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Piper Sandler reissued an “overweight” rating on shares of Hut 8 in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.56.

Insider Buying and Selling

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

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.