WINTON GROUP Ltd Increases Holdings in BitMine Immersion Technologies, Inc. $BMNR

WINTON GROUP Ltd increased its position in BitMine Immersion Technologies, Inc. (NYSE:BMNR) by 252.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 411,110 shares of the company’s stock after buying an additional 294,606 shares during the quarter. WINTON GROUP Ltd’s holdings in BitMine Immersion Technologies were worth $5,472,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BMNR. Legacy Wealth Managment LLC ID grew its position in BitMine Immersion Technologies by 40.8% during the first quarter. Legacy Wealth Managment LLC ID now owns 1,966 shares of the company’s stock valued at $39,000 after acquiring an additional 570 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of BitMine Immersion Technologies by 16.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,620 shares of the company’s stock worth $91,000 after acquiring an additional 658 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of BitMine Immersion Technologies by 4.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 15,467 shares of the company’s stock worth $420,000 after acquiring an additional 711 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of BitMine Immersion Technologies in the 3rd quarter valued at $37,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of BitMine Immersion Technologies in the 3rd quarter valued at $38,000.

BitMine Immersion Technologies Stock Up 0.2%

Shares of BitMine Immersion Technologies stock opened at $24.26 on Friday. The company’s fifty day simple moving average is $19.34 and its two-hundred day simple moving average is $19.41. BitMine Immersion Technologies, Inc. has a 12-month low of $12.80 and a 12-month high of $65.60. The firm has a market cap of $14.63 billion, a PE ratio of 485.14 and a beta of 1.61.

BitMine Immersion Technologies (NYSE:BMNR) last issued its quarterly earnings data on Tuesday, July 14th. The company reported ($128.25) EPS for the quarter. The firm had revenue of $46.53 million for the quarter. BitMine Immersion Technologies had a negative net margin of 14,306.56% and a positive return on equity of 3.35%. As a group, sell-side analysts expect that BitMine Immersion Technologies, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on BMNR. B. Riley Financial increased their target price on shares of BitMine Immersion Technologies from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of BitMine Immersion Technologies in a research report on Wednesday, July 15th. Cantor Fitzgerald raised their price objective on BitMine Immersion Technologies from $30.60 to $63.60 and gave the company an “overweight” rating in a research note on Thursday. Wall Street Zen downgraded BitMine Immersion Technologies from a “sell” rating to a “strong sell” rating in a report on Tuesday. Finally, B Riley reissued a “buy” rating on shares of BitMine Immersion Technologies in a research note on Thursday, September 3rd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BitMine Immersion Technologies has an average rating of “Hold” and a consensus target price of $46.80.

About BitMine Immersion Technologies

BitMine Immersion Technologies, Inc is a digital asset and blockchain technology company focused on cryptocurrency mining and digital asset infrastructure. Its historical operations have centered on Bitcoin mining, using immersion-cooling technology to manage the heat generated by high-performance computing equipment and support more efficient mining operations.

The company has since expanded its strategy to include digital asset treasury activities, with an emphasis on acquiring and holding Ethereum.