CenterBook Partners LP Trims Stake in Core Scientific, Inc. $CORZ

CenterBook Partners LP reduced its stake in Core Scientific, Inc. (NASDAQ:CORZ) by 83.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,404 shares of the company’s stock after selling 299,966 shares during the period. CenterBook Partners LP’s holdings in Core Scientific were worth $1,030,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. HHM Wealth Advisors LLC grew its holdings in shares of Core Scientific by 96.5% during the 2nd quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock worth $33,000 after acquiring an additional 946 shares during the period. Osaic Holdings Inc. boosted its position in shares of Core Scientific by 112.1% during the second 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. grew its stake in Core Scientific by 68.3% in the second quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock worth $46,000 after purchasing an additional 1,092 shares during the period. PNC Financial Services Group Inc. raised its holdings in Core Scientific by 396.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,731 shares of the company’s stock worth $64,000 after purchasing an additional 2,980 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Core Scientific by 61.9% during the second quarter. Russell Investments Group Ltd. now owns 3,942 shares of the company’s stock valued at $67,000 after buying an additional 1,507 shares during the period.

Core Scientific Stock Performance

NASDAQ:CORZ opened at $17.30 on Friday. The firm has a market cap of $5.36 billion, a P/E ratio of 115.34 and a beta of 6.86. Core Scientific, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $23.63. The firm has a 50-day simple moving average of $16.98 and a two-hundred day simple moving average of $16.79.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BTIG Research raised shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, January 6th. Jefferies Financial Group set a $24.00 price objective on shares of Core Scientific and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Core Scientific in a research note on Wednesday, January 21st. Cantor Fitzgerald lifted their target price on shares of Core Scientific from $18.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Finally, Roth Mkm restated a “buy” rating on shares of Core Scientific in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.21.

Core Scientific Profile

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.