<div id="readability-page-1"><p>Rhumbline Advisers boosted its holdings in  Hut 8 Corp. (NASDAQ:HUT - Free Report) by 19.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,356 shares of the company's stock after purchasing an additional 23,753 shares during the period. Rhumbline Advisers owned about 0.14% of Hut 8 worth $2,722,000 as of its most recent SEC filing.</p><ul><li>2 AI Stocks With Record Breaking Rallies: Can They Continue?</li></ul><p>Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE raised its stake in shares of  Hut 8 by 3,961.7% during the 1st quarter. US Bancorp DE now owns 3,290 shares of the company's stock worth $38,000 after purchasing an additional 3,209 shares during the period.  Vanguard Group Inc. grew its position in  Hut 8 by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,546,935 shares of the company's stock valued at $76,075,000 after buying an additional 87,550 shares during the period.  Charles Schwab Investment Management Inc. increased its holdings in  Hut 8 by 2.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,039,169 shares of the company's stock worth $12,075,000 after buying an additional 27,477 shares during the last quarter.  Deutsche Bank AG raised its position in  Hut 8 by 18.4% in the first quarter. Deutsche Bank AG now owns 84,536 shares of the company's stock worth $982,000 after acquiring an additional 13,161 shares during the period.  Finally, Swiss National Bank boosted its stake in  Hut 8 by 1.4% in the first quarter. Swiss National Bank now owns 163,440 shares of the company's stock valued at $1,899,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors own  31.75% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>HUT has been the subject of a number of research reports. Northland Securities  set a $58.00 target price on shares of Hut 8 in a research report on Wednesday, November 5th. Piper Sandler  set a $74.00 price objective on Hut 8 and gave the company an &#34;overweight&#34; rating in a research note on Monday, October 20th. Benchmark increased their price objective on Hut 8 from $36.00 to $78.00 and gave the company a &#34;buy&#34; rating in a report on Tuesday, October 28th. Wall Street Zen upgraded Hut 8 from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, November 8th. Finally, Weiss Ratings  reaffirmed a &#34;hold (c-)&#34; rating on shares of Hut 8 in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued  a Buy rating and one  has issued  a Hold rating to the company. According to MarketBeat.com, Hut 8 currently has a consensus rating of &#34;Buy&#34; and an average price target of $48.80.</p><ul><li>Why Now Could Be the Smartest Time to Buy Crypto Stocks</li></ul><p><b>View Our Latest Research Report on Hut 8</b></p><h2>Hut 8 Trading Down 0.9%</h2><p>Shares of HUT stock opened at $42.43 on Monday. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of -108.79 and a beta of 4.42. The company's fifty day simple moving average is $43.40 and its two-hundred day simple moving average is $29.97. Hut 8 Corp. has a 1 year low of $10.04 and a 1 year high of $57.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.72 and a quick ratio of 0.72. </p><ul><li>Analyst-Favorite Bitcoin Miner CleanSpark: Worth the Hype?</li></ul><p>Hut 8 (NASDAQ:HUT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.09. Hut 8 had a return on equity of 8.06% and a net margin of 115.39%.The company had revenue of $80.72 million during the quarter, compared to analysts' expectations of $64.70 million.  As a group, analysts anticipate that  Hut 8 Corp. will post -0.53 earnings per share for the current year. </p><h2>About Hut 8</h2> (Free Report)<p>Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing  Colocation and Cloud, and Other.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Hut 8</li><li>What is the FTSE 100 index? </li><li>Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast</li><li>Investing in the High PE Growth Stocks </li><li>Five Below and Dollar Tree Earnings Signal a Shopper Shift</li><li>The Role Economic Reports Play in a Successful Investment Strategy</li><li>Ulta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SFVU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SFVU"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Hut 8 Right Now?</h2><p>Before you consider Hut 8, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hut 8 wasn't on the list.</p><p>While Hut 8 currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Rhumbline Advisers increased its holdings in Hut 8 Corp by 19.4% in Q2, owning 146,356 shares worth $2.72 million. Analysts have set new price targets, with a consensus rating of "Buy" and an average target of $48.80. Hut 8's stock opened at $42.43, with a market cap of $4.58 billion. The company reported Q3 earnings of ($0.07) per share, beating estimates.</p>

Rhumbline Advisers Raises Stock Holdings in Hut 8 Corp. $HUT