<div id="readability-page-1"><p>Metavasi Capital LP bought a new position in  Hut 8 Corp. (NASDAQ:HUT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 175,000 shares of the company's stock, valued at approximately $3,255,000. Hut 8 comprises  1.3% of Metavasi Capital LP's portfolio, making the stock its 26th largest position. Metavasi Capital LP owned approximately 0.17% of Hut 8 as of its most recent filing with the SEC.</p><ul><li>2 AI Stocks With Record Breaking Rallies: Can They Continue?</li></ul><p>Several other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in shares of  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 during the last quarter.  Advisors Asset Management Inc. increased its holdings in  Hut 8 by 68.4% in the 2nd 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 period.  State of Wyoming purchased a new position in  Hut 8 during the 1st quarter worth approximately $32,000.  US Bancorp DE lifted its stake in  Hut 8 by 3,961.7% during the 1st quarter. US Bancorp DE now owns 3,290 shares of the company's stock valued at $38,000 after acquiring an additional 3,209 shares during the period.  Finally, Russell Investments Group Ltd. increased its stake in shares of  Hut 8 by 235.8% in the second quarter. Russell Investments Group Ltd. now owns 2,448 shares of the company's stock worth $46,000 after acquiring an additional 1,719 shares during the period. Hedge funds and other institutional investors own  31.75% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of research firms recently issued reports on HUT. BTIG Research  restated a &#34;buy&#34; rating and set a $55.00 target price on shares of Hut 8 in a research report on Thursday, November 6th. JMP Securities upped their target price on Hut 8 from $25.00 to $65.00 and gave the stock a &#34;market outperform&#34; rating in a research note on Tuesday, October 21st. Citigroup  reiterated an &#34;outperform&#34; rating on shares of Hut 8 in a research report on Tuesday, October 21st. Piper Sandler  set a $74.00 price target on Hut 8 and gave the company an &#34;overweight&#34; rating in a report on Monday, October 20th. Finally, Wall Street Zen raised shares of Hut 8 from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned  a Buy rating and one  has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of &#34;Buy&#34; and a consensus target price of $48.80.</p><ul><li>Why Now Could Be the Smartest Time to Buy Crypto Stocks</li></ul><p><b>Get Our Latest Research Report on HUT</b></p><h2>Hut 8 Trading Up 1.5%</h2><p>Shares of NASDAQ:HUT opened at $46.75 on Friday. The business's 50 day moving average price is $44.11 and its 200-day moving average price is $30.57. Hut 8 Corp. has a 1 year low of $10.04 and a 1 year high of $57.29. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of -119.87 and a beta of 4.41. 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 earnings results on Tuesday, November 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.09. The business had revenue of $80.72 million for the quarter, compared to analyst estimates of $64.70 million. Hut 8 had a net margin of 115.39% and a return on equity of 8.06%.  On average, equities research analysts forecast that  Hut 8 Corp. will post -0.53 earnings per share for the current fiscal year. </p><h2>Hut 8 Profile</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>See Also</h2><ul><li>Five stocks we like better than Hut 8</li><li>Investing in the High PE Growth Stocks </li><li>Dividend Powerhouses: 3 Blue-Chip Stocks Built for the Long Haul</li><li>Should You Add These Warren Buffett Stocks to Your Portfolio?</li><li>3 Recently Downgraded Stocks to Avoid in 2026</li><li>Market Cap Calculator: How to Calculate Market Cap</li><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</li></ul><p><strong>Want to see what other hedge funds are holding HUT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hut 8 Corp. (NASDAQ:HUT - Free Report).</p><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>Metavasi Capital LP acquired 175,000 shares of Hut 8 Corp., valued at $3,255,000, making it 0.17% of Hut 8's ownership. Analysts have issued strong buy ratings, with a consensus target price of $48.80. Hut 8's stock opened at $46.75, with a 1-year high of $57.29. The company reported better-than-expected earnings, with revenue of $80.72 million.</p>

Metavasi Capital LP Buys New Shares in Hut 8 Corp. $HUT