PEAK6 LLC Invests $603,000 in Eightco Holdings Inc. $OCTO

PEAK6 LLC purchased a new stake in shares of Eightco Holdings Inc. (NASDAQ:OCTO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 866,434 shares of the company’s stock, valued at approximately $603,000. PEAK6 LLC owned 0.28% of Eightco as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Alyeska Investment Group L.P. acquired a new stake in Eightco in the third quarter worth about $291,148,000. Pantera Capital Partners LP acquired a new position in Eightco during the 3rd quarter valued at about $280,733,000. BlackRock Inc. bought a new position in shares of Eightco in the 2nd quarter valued at about $3,967,000. Polar Asset Management Partners Inc. bought a new position in shares of Eightco in the 3rd quarter valued at about $13,211,000. Finally, UBS Group AG boosted its stake in shares of Eightco by 21,435.9% in the 3rd quarter. UBS Group AG now owns 440,624 shares of the company’s stock valued at $10,623,000 after purchasing an additional 438,578 shares during the last quarter. Institutional investors own 12.85% of the company’s stock.

Eightco Stock Up 6.5%

Shares of NASDAQ:OCTO opened at $0.88 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.30 and a quick ratio of 0.09. The stock has a market cap of $2.68 million, a price-to-earnings ratio of -0.29 and a beta of 0.84. The company has a 50 day moving average of $0.73 and a 200-day moving average of $0.91. Eightco Holdings Inc. has a one year low of $0.98 and a one year high of $83.12.

Eightco Profile

Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023. Eightco Holdings Inc was incorporated in 1966 and is headquartered in Easton, Pennsylvania.