BitMine Immersion Technologies, Inc. $BMNR is Aurora Investment Managers LLC.’s 7th Largest Position

Aurora Investment Managers LLC. lifted its position in shares of BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 196.7% during the first quarter, Holdings Channel reports. The firm owned 372,782 shares of the company’s stock after acquiring an additional 247,146 shares during the period. BitMine Immersion Technologies makes up 5.4% of Aurora Investment Managers LLC.’s holdings, making the stock its 7th largest holding. Aurora Investment Managers LLC.’s holdings in BitMine Immersion Technologies were worth $7,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Advocates LLC bought a new stake in BitMine Immersion Technologies in the 3rd quarter worth about $27,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of BitMine Immersion Technologies in the 4th quarter worth approximately $27,000. Ankerstar Wealth LLC purchased a new position in shares of BitMine Immersion Technologies in the 4th quarter worth approximately $27,000. Lodestone Wealth Management LLC bought a new position in shares of BitMine Immersion Technologies in the fourth quarter valued at approximately $30,000. Finally, Trust Co. of Vermont grew its holdings in shares of BitMine Immersion Technologies by 424.4% in the fourth quarter. Trust Co. of Vermont now owns 1,180 shares of the company’s stock valued at $32,000 after acquiring an additional 955 shares in the last quarter.

BitMine Immersion Technologies Trading Down 4.9%

NYSE:BMNR opened at $15.08 on Wednesday. The stock has a market capitalization of $8.59 billion and a PE ratio of -116.00. The firm’s 50 day moving average is $19.54 and its 200 day moving average is $23.23. BitMine Immersion Technologies, Inc. has a 12 month low of $3.92 and a 12 month high of $161.00.

BitMine Immersion Technologies (NYSE:BMNR) last posted its quarterly earnings data on Tuesday, April 14th. The company reported ($0.08) EPS for the quarter. BitMine Immersion Technologies had a negative net margin of 51,892.77% and a positive return on equity of 5.59%. The firm had revenue of $11.04 million during the quarter. Research analysts predict that BitMine Immersion Technologies, Inc. will post 0.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on BMNR shares. Cantor Fitzgerald upgraded BitMine Immersion Technologies to a “strong-buy” rating in a report on Thursday, April 9th. Weiss Ratings began coverage on BitMine Immersion Technologies in a research note on Friday, April 17th. They issued a “sell (d-)” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BitMine Immersion Technologies has a consensus rating of “Moderate Buy” and an average target price of $34.50.

BitMine Immersion Technologies Profile

BitMine Immersion Technologies, Inc (NYSE American: BMNR) is an engineering and technology company specializing in immersion cooling solutions for digital asset mining and high-performance computing (HPC) applications. The company develops proprietary direct-to-chip systems that submerge servers in non-conductive dielectric fluids to efficiently remove heat, enabling clients to achieve higher processing density and improved energy efficiency.

BitMine offers turnkey services spanning system design, equipment supply, installation and ongoing maintenance.