BBR Partners LLC Buys Shares of 16,085 Hut 8 Corp. $HUT

BBR Partners LLC acquired a new stake in shares of Hut 8 Corp. (NASDAQ:HUT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,085 shares of the company’s stock, valued at approximately $560,000.

A number of other hedge funds have also bought and sold shares of the business. Arizona State Retirement System boosted its stake in shares of Hut 8 by 1.9% in the 3rd quarter. Arizona State Retirement System now owns 29,290 shares of the company’s stock worth $1,020,000 after buying an additional 542 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Hut 8 by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,613 shares of the company’s stock valued at $30,000 after purchasing an additional 655 shares during the period. Main Management ETF Advisors LLC grew its stake in shares of Hut 8 by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 44,713 shares of the company’s stock valued at $832,000 after purchasing an additional 732 shares during the period. Intech Investment Management LLC increased its position in shares of Hut 8 by 1.1% during the 2nd quarter. Intech Investment Management LLC now owns 66,957 shares of the company’s stock valued at $1,245,000 after purchasing an additional 734 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Hut 8 by 116.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,515 shares of the company’s stock worth $28,000 after purchasing an additional 815 shares during the period. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HUT shares. Needham & Company LLC reissued a “buy” rating and set a $60.00 price objective on shares of Hut 8 in a research report on Friday, January 16th. Citizens Jmp lifted their target price on Hut 8 from $25.00 to $65.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 21st. Roth Mkm reissued a “buy” rating and set a $80.00 price target on shares of Hut 8 in a report on Tuesday, January 27th. BTIG Research reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Hut 8 in a research note on Wednesday, December 17th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Hut 8 in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $64.69.

Hut 8 Price Performance

NASDAQ:HUT opened at $52.94 on Wednesday. The business’s 50-day moving average is $53.00 and its 200 day moving average is $42.30. Hut 8 Corp. has a 12 month low of $10.04 and a 12 month high of $66.07. The company has a market capitalization of $5.72 billion, a P/E ratio of -135.74 and a beta of 4.42. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14.

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.