IREN Limited $IREN Stock Holdings Lifted by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its position in IREN Limited (NASDAQ:IREN) by 14.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,508 shares of the company’s stock after acquiring an additional 9,492 shares during the period. Chicago Partners Investment Group LLC’s holdings in IREN were worth $1,100,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of IREN by 11.7% in the 1st quarter. Wellington Management Group LLP now owns 13,212 shares of the company’s stock worth $80,000 after acquiring an additional 1,387 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of IREN by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 20,268 shares of the company’s stock worth $123,000 after acquiring an additional 2,035 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of IREN by 16.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,160 shares of the company’s stock worth $308,000 after acquiring an additional 2,952 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of IREN by 5.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 61,248 shares of the company’s stock worth $892,000 after acquiring an additional 3,307 shares during the period. Finally, TRU Independence Asset Management 2 LLC increased its holdings in shares of IREN by 22.1% in the 1st quarter. TRU Independence Asset Management 2 LLC now owns 20,241 shares of the company’s stock worth $123,000 after acquiring an additional 3,670 shares during the period. Institutional investors and hedge funds own 41.08% of the company’s stock.

Insider Buying and Selling at IREN

In other news, CEO Daniel John Roberts sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $33.13, for a total transaction of $33,130,000.00. Following the completion of the transaction, the chief executive officer owned 13,989,696 shares in the company, valued at approximately $463,478,628.48. This trade represents a 6.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.02% of the company’s stock.

IREN Stock Performance

NASDAQ:IREN opened at $59.22 on Tuesday. IREN Limited has a twelve month low of $5.13 and a twelve month high of $74.15. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average of $38.30 and a 200-day moving average of $20.58. The firm has a market cap of $16.11 billion, a price-to-earnings ratio of 100.37 and a beta of 4.19.

IREN (NASDAQ:IREN) last posted its quarterly earnings data on Thursday, August 28th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. IREN had a net margin of 33.03% and a return on equity of 1.34%. The company had revenue of $187.30 million during the quarter, compared to analyst estimates of $187.51 million. Analysts forecast that IREN Limited will post 0.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Macquarie increased their price objective on shares of IREN from $33.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. HC Wainwright raised their target price on shares of IREN from $21.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Arete Research started coverage on shares of IREN in a research note on Wednesday, September 24th. They set a “buy” rating and a $78.00 target price on the stock. Canaccord Genuity Group raised their target price on shares of IREN from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Finally, Compass Point started coverage on shares of IREN in a research note on Monday, September 15th. They set a “buy” rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.64.

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.