Harbour Capital Advisors LLC Buys Shares of 18,020 Hut 8 Corp. $HUT

Harbour Capital Advisors LLC purchased a new stake in shares of Hut 8 Corp. (NASDAQ:HUT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 18,020 shares of the company’s stock, valued at approximately $828,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in Hut 8 during the fourth quarter valued at approximately $30,000. Value Aligned Research Advisors LLC grew its position in Hut 8 by 110.2% in the 3rd quarter. Value Aligned Research Advisors LLC now owns 1,948,995 shares of the company’s stock worth $67,845,000 after purchasing an additional 1,021,955 shares during the period. IFP Advisors Inc grew its position in Hut 8 by 23.9% in the 3rd quarter. IFP Advisors Inc now owns 4,764 shares of the company’s stock worth $166,000 after purchasing an additional 919 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Hut 8 during the 3rd quarter valued at $350,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Hut 8 by 67.2% during the 3rd quarter. NewEdge Advisors LLC now owns 2,257 shares of the company’s stock valued at $79,000 after buying an additional 907 shares during the period. 31.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HUT. Wall Street Zen downgraded Hut 8 from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. HC Wainwright reiterated a “buy” rating and set a $80.00 price objective on shares of Hut 8 in a research report on Thursday, February 26th. Craig Hallum reissued a “buy” rating and issued a $80.00 target price on shares of Hut 8 in a research report on Thursday, December 18th. Roth Mkm restated a “buy” rating and set a $80.00 price target on shares of Hut 8 in a research note on Tuesday, January 27th. Finally, Weiss Ratings lowered shares of Hut 8 from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 2nd. One equities research 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. Based on data from MarketBeat.com, Hut 8 has an average rating of “Moderate Buy” and a consensus price target of $65.56.

Hut 8 Trading Down 5.3%

Shares of HUT stock opened at $47.46 on Friday. Hut 8 Corp. has a 1 year low of $10.04 and a 1 year high of $66.07. The firm has a fifty day moving average price of $54.39 and a 200-day moving average price of $46.61. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $5.26 billion, a price-to-earnings ratio of -20.46 and a beta of 4.42.

Insiders Place Their Bets

In related news, insider Victor Semah sold 5,498 shares of Hut 8 stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $49.05, for a total transaction of $269,676.90. Following the transaction, the insider directly owned 24,796 shares in the company, valued at approximately $1,216,243.80. The trade was a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sean Joseph Glennan sold 4,625 shares of the business’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 $226,856.25. Following the sale, the chief financial officer directly owned 12,068 shares of the company’s stock, valued at $591,935.40. This represents a 27.71% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.20% of the stock is currently owned by company insiders.

About Hut 8

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.