Harvest Portfolios Group Inc. Raises Position in Core Scientific, Inc. $CORZ

Harvest Portfolios Group Inc. grew its holdings in Core Scientific, Inc. (NASDAQ:CORZ) by 67.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,394 shares of the company’s stock after acquiring an additional 91,499 shares during the period. Harvest Portfolios Group Inc.’s holdings in Core Scientific were worth $4,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. HHM Wealth Advisors LLC boosted its holdings 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 purchasing an additional 946 shares during the period. Osaic Holdings Inc. raised its position in Core Scientific by 112.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after purchasing an additional 1,066 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Core Scientific by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock valued at $46,000 after buying an additional 1,092 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of 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 buying an additional 2,980 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Core Scientific by 61.9% during the second quarter. Russell Investments Group Ltd. now owns 3,942 shares of the company’s stock worth $67,000 after buying an additional 1,507 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CORZ. Zacks Research raised shares of Core Scientific from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Citizens Jmp upgraded shares of Core Scientific from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Thursday, December 18th. Keefe, Bruyette & Woods raised their price objective on shares of Core Scientific from $19.00 to $25.00 and gave the company a “moderate buy” rating in a report on Tuesday, January 27th. BTIG Research raised shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, January 6th. Finally, Citigroup upgraded shares of Core Scientific from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.47.

Core Scientific Price Performance

Shares of CORZ opened at $16.97 on Friday. Core Scientific, Inc. has a 1-year low of $6.20 and a 1-year high of $23.63. The stock has a market cap of $5.26 billion, a PE ratio of 113.14 and a beta of 6.86. The firm has a fifty day moving average price of $17.26 and a 200 day moving average price of $16.92.

About Core Scientific

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.