Carne Global Fund Managers recently announced the acquisition of new stake in Hut 8 Corp (NASDAQ:HUT). The institutional investor has increased its shareholding in the Financial company by 2.43% to 379.0 shares with purchase of 9.0 shares. This fresh investment now brings its stake to 0.00% valued currently at $0.0. In addition, Amundi Asset Management SA raised its holdings by 2763.0 to 2763.0 shares.
Currently, there are 44.11M common shares owned by the public and among those 34.20M shares have been available to trade.
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The top 3 mutual fund holders in Hut 8 Corp are iShares S&P/TSX Capped Informatio, SPDR Portfolio Developed World ex, and SPDR S&P International Small Cap. iShares S&P/TSX Capped Informatio owns 0.17 million shares of the company’s stock, all valued at over $0.0. SPDR S&P International Small Cap now owns shares totaling to 0.00% of the shares outstanding.
However, the script later moved the day high at 12.45, up 15.81%. The company’s stock has a 5-day price change of 37.48% and 16.36% over the past three months. HUT shares are trading 186.12% year to date (YTD), with the 12-month market performance up to 152.13% higher. It has a 12-month low price of $3.90 and touched a high of $22.75 over the same period. HUT has an average intraday trading volume of 2.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 23.71%, 20.05%, and 8.11% respectively.
Institutional ownership of Hut 8 Corp (NASDAQ: HUT) shares accounts for 15.00% of the company’s 44.11M shares outstanding. Mutual fund holders own 0.00%, while other institutional holders and individual stakeholders account for 0.00% and — respectively.
It has a market capitalization of $539.17M and a beta (3y monthly) value of 2.96. The earnings-per-share (ttm) stands at -$2.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.83% over the week and 11.31% over the month.
Earnings per share for the fiscal year are expected to increase by 111.20%, and -276.94% over the next financial year.
Looking at the support for the HUT, a number of firms have released research notes about the stock. H.C. Wainwright stated their Neutral rating for the stock in a research note on December 09, 2022, with the firm’s price target at $1.50.
