Voya Investment Management LLC Acquires 91,335 Shares of Hut 8 Corp. $HUT

Voya Investment Management LLC grew its holdings in shares of Hut 8 Corp. (NASDAQ:HUT) by 356.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,956 shares of the company’s stock after purchasing an additional 91,335 shares during the quarter. Voya Investment Management LLC’s holdings in Hut 8 were worth $4,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nisa Investment Advisors LLC boosted its holdings in Hut 8 by 116.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,515 shares of the company’s stock worth $28,000 after purchasing an additional 815 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Hut 8 by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 1,613 shares of the company’s stock worth $30,000 after buying an additional 655 shares during the last quarter. State of Wyoming bought a new stake in shares of Hut 8 during the 1st quarter worth about $32,000. Russell Investments Group Ltd. increased its holdings in shares of Hut 8 by 235.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company’s stock valued at $46,000 after acquiring an additional 1,719 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Hut 8 during the 1st quarter valued at about $95,000. Institutional investors and hedge funds own 31.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating on shares of Hut 8 in a report on Wednesday, December 17th. B. Riley restated a “buy” rating on shares of Hut 8 in a research note on Wednesday, October 22nd. Craig Hallum reaffirmed a “buy” rating and set a $80.00 price objective on shares of Hut 8 in a report on Thursday, December 18th. Northland Securities set a $58.00 target price on shares of Hut 8 in a report on Wednesday, November 5th. Finally, Roth Capital reissued a “buy” rating on shares of Hut 8 in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Hut 8 presently has a consensus rating of “Buy” and an average target price of $53.76.

Hut 8 Price Performance

NASDAQ:HUT opened at $52.79 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.72 and a quick ratio of 0.72. Hut 8 Corp. has a one year low of $10.04 and a one year high of $57.29. The company has a fifty day moving average price of $43.81 and a 200 day moving average price of $32.53. The stock has a market cap of $5.70 billion, a P/E ratio of -135.36 and a beta of 4.41.

Hut 8 (NASDAQ:HUT) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.09. Hut 8 had a net margin of 115.39% and a return on equity of 8.06%. The company had revenue of $80.72 million for the quarter, compared to the consensus estimate of $64.70 million. Analysts anticipate that Hut 8 Corp. will post -0.53 earnings per share for the current year.

About Hut 8

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.