Van ECK Associates Corp boosted its holdings in shares of Argo Blockchain plc (NASDAQ:ARBK – Get Rating) by 32.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 518,774 shares of the company’s stock after acquiring an additional 126,130 shares during the period. Van ECK Associates Corp owned 1.09% of Argo Blockchain worth $2,007,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp acquired a new stake in Argo Blockchain during the 2nd quarter worth $139,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Argo Blockchain during the 2nd quarter worth $118,000. Private Advisor Group LLC acquired a new stake in Argo Blockchain during the 2nd quarter worth $52,000. Vident Investment Advisory LLC acquired a new stake in Argo Blockchain during the 1st quarter worth $657,000. Finally, Renaissance Technologies LLC grew its holdings in Argo Blockchain by 632.0% during the 1st quarter. Renaissance Technologies LLC now owns 89,300 shares of the company’s stock worth $880,000 after acquiring an additional 77,100 shares during the period. Institutional investors and hedge funds own 1.81% of the company’s stock.
Analyst Upgrades and Downgrades
ARBK has been the subject of several research analyst reports. HC Wainwright lowered shares of Argo Blockchain from a “buy” rating to a “neutral” rating in a report on Wednesday, December 14th. Barclays lowered shares of Argo Blockchain from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $7.00 to $3.00 in a report on Monday, October 10th. Compass Point lowered shares of Argo Blockchain from a “buy” rating to a “neutral” rating in a report on Tuesday, October 25th. Roth Capital raised shares of Argo Blockchain from a “sell” rating to a “neutral” rating in a report on Wednesday, January 4th. Finally, Jefferies Financial Group lowered shares of Argo Blockchain from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.00.
Argo Blockchain Stock Up 3.5 %
ARBK opened at $1.47 on Friday. Argo Blockchain plc has a 12 month low of $0.36 and a 12 month high of $11.65. The firm’s fifty day simple moving average is $0.83 and its 200 day simple moving average is $2.87.
Argo Blockchain Company Profile
Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for cryptographic algorithms. The company was formerly known as GoSun Blockchain Limited and changed its name to Argo Blockchain plc in December 2017.
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