Invesco Ltd. Cuts Position in IREN Limited $IREN

Invesco Ltd. lessened its holdings in IREN Limited (NASDAQ:IREN) by 11.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,038,341 shares of the company’s stock after selling 273,242 shares during the quarter. Invesco Ltd. owned about 1.09% of IREN worth $12,413,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Mizuho Markets Americas LLC boosted its position in shares of IREN by 1,832.5% during the first quarter. Mizuho Markets Americas LLC now owns 502,459 shares of the company’s stock valued at $3,060,000 after buying an additional 476,459 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of IREN by 11.2% during 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 last quarter. CenterBook Partners LP boosted its stake in shares of IREN by 34.8% during the 1st quarter. CenterBook Partners LP now owns 178,684 shares of the company’s stock worth $1,088,000 after acquiring an additional 46,116 shares during the last quarter. Headlands Technologies LLC lifted its holdings in IREN by 331.7% during the first quarter. Headlands Technologies LLC now owns 108,198 shares of the company’s stock valued at $659,000 after purchasing an additional 83,135 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in IREN by 19.4% during the first quarter. Chicago Partners Investment Group LLC now owns 66,016 shares of the company’s stock valued at $434,000 after purchasing an additional 10,722 shares in the last quarter. 41.08% of the stock is owned by hedge funds and other institutional investors.

IREN Price Performance

Shares of IREN stock opened at $21.43 on Friday. The company’s 50 day moving average is $16.29 and its 200 day moving average is $10.91. IREN Limited has a 52-week low of $5.13 and a 52-week high of $21.72.

Analyst Upgrades and Downgrades

IREN has been the topic of a number of research analyst reports. Wall Street Zen raised IREN from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. B. Riley reissued a “buy” rating and issued a $22.00 price target (up from $15.00) on shares of IREN in a report on Thursday, July 10th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $16.00 price target (up from $12.00) on shares of IREN in a report on Monday, July 28th. Macquarie boosted their target price on IREN from $15.50 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Finally, HC Wainwright decreased their target price on IREN from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.89.

IREN 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.