IREN Limited $IREN Shares Acquired by Sculptor Capital LP

Sculptor Capital LP lifted its stake in shares of IREN Limited (NASDAQ:IREN) by 83.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,349 shares of the company’s stock after buying an additional 88,076 shares during the period. Sculptor Capital LP owned approximately 0.10% of IREN worth $1,177,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Situational Awareness LP purchased a new position in IREN in the 1st quarter worth $20,500,000. Vident Advisory LLC increased its holdings in shares of IREN by 0.6% in the first quarter. Vident Advisory LLC now owns 2,956,712 shares of the company’s stock valued at $18,006,000 after purchasing an additional 18,794 shares during the period. Two Sigma Investments LP raised its stake in shares of IREN by 193.2% in the fourth quarter. Two Sigma Investments LP now owns 1,602,642 shares of the company’s stock worth $15,738,000 after purchasing an additional 1,056,005 shares during the last quarter. Trexquant Investment LP lifted its holdings in shares of IREN by 158.6% during the first quarter. Trexquant Investment LP now owns 1,038,220 shares of the company’s stock worth $6,323,000 after purchasing an additional 636,767 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in IREN by 46.8% in the first quarter. Exchange Traded Concepts LLC now owns 1,020,084 shares of the company’s stock valued at $6,212,000 after buying an additional 325,327 shares during the last quarter. 41.08% of the stock is owned by hedge funds and other institutional investors.

IREN Stock Performance

IREN stock opened at $26.48 on Friday. The firm’s fifty day moving average is $17.65 and its 200 day moving average is $11.31. The firm has a market cap of $4.97 billion, a PE ratio of 44.88 and a beta of 3.98. IREN Limited has a one year low of $5.13 and a one year high of $29.50.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $16.00 price target (up from $12.00) on shares of IREN in a research report on Monday, July 28th. Cantor Fitzgerald boosted their target price on shares of IREN from $27.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday. Roth Capital reaffirmed a “buy” rating on shares of IREN in a research report on Friday. Macquarie lifted their price objective on IREN from $20.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday. Finally, HC Wainwright upped their target price on IREN from $21.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.88.

About IREN

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.