Leonteq Securities AG Invests $255,000 in Hut 8 Corp. $HUT

Leonteq Securities AG acquired a new position in Hut 8 Corp. (NASDAQ:HUT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,550 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harvest Portfolios Group Inc. raised its stake in shares of Hut 8 by 75.3% in the third quarter. Harvest Portfolios Group Inc. now owns 85,093 shares of the company’s stock worth $2,962,000 after purchasing an additional 36,543 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Hut 8 by 26.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 131,110 shares of the company’s stock worth $4,564,000 after purchasing an additional 27,568 shares during the last quarter. Zweig DiMenna Associates LLC raised its stake in shares of Hut 8 by 256.5% in the third quarter. Zweig DiMenna Associates LLC now owns 707,000 shares of the company’s stock worth $24,611,000 after purchasing an additional 508,700 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Hut 8 by 4,669,387.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock worth $186,629,000 after purchasing an additional 4,062,367 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Hut 8 in the third quarter worth approximately $1,385,000. 31.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Hut 8 from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Jefferies Financial Group assumed coverage on Hut 8 in a report on Thursday, May 14th. They issued a “buy” rating and a $156.00 target price for the company. Cantor Fitzgerald upped their target price on Hut 8 from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Piper Sandler upped their target price on Hut 8 from $93.00 to $127.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Hut 8 in a report on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hut 8 has an average rating of “Moderate Buy” and an average price target of $107.72.

Insiders Place Their Bets

In other Hut 8 news, CFO Sean Joseph Glennan sold 4,625 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $49.05, for a total transaction of $226,856.25. Following the sale, the chief financial officer owned 12,068 shares in the company, valued at $591,935.40. This represents a 27.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rick Rickertsen sold 17,491 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $110.00, for a total value of $1,924,010.00. Following the sale, the director owned 17,491 shares in the company, valued at approximately $1,924,010. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,628 shares of company stock worth $4,960,721 over the last 90 days. Corporate insiders own 10.40% of the company’s stock.

Hut 8 Stock Performance

NASDAQ:HUT opened at $105.90 on Monday. The company has a market cap of $11.92 billion, a P/E ratio of -35.30 and a beta of 4.48. The stock’s fifty day moving average price is $71.87 and its two-hundred day moving average price is $57.46. Hut 8 Corp. has a 1 year low of $14.74 and a 1 year high of $112.26. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.86 and a quick ratio of 0.86.

Hut 8 (NASDAQ:HUT) last posted its earnings results on Wednesday, May 6th. The company reported ($1.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($1.65). The company had revenue of $139.31 million for the quarter, compared to analysts’ expectations of $78.53 million. Hut 8 had a negative return on equity of 0.35% and a negative net margin of 109.77%. As a group, analysts expect that Hut 8 Corp. will post -1.29 EPS for the current year.

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.