Charles Schwab Investment Management Inc. Has $4.93 Million Stock Holdings in IREN Limited $IREN

Charles Schwab Investment Management Inc. increased its holdings in shares of IREN Limited (NASDAQ:IREN) by 13.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 809,080 shares of the company’s stock after purchasing an additional 98,190 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.43% of IREN worth $4,927,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vident Advisory LLC lifted its position in shares of IREN by 26.1% during the 4th quarter. Vident Advisory LLC now owns 2,937,918 shares of the company’s stock worth $28,850,000 after purchasing an additional 608,736 shares during the last quarter. Regal Partners Ltd lifted its position in shares of IREN by 93.9% during the 4th quarter. Regal Partners Ltd now owns 1,697,554 shares of the company’s stock worth $16,670,000 after purchasing an additional 822,251 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of IREN by 193.2% during the 4th 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. Exchange Traded Concepts LLC lifted its position in shares of IREN by 46.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,020,084 shares of the company’s stock worth $6,212,000 after purchasing an additional 325,327 shares during the last quarter. Finally, Two Seas Capital LP lifted its position in shares of IREN by 212.7% during the 4th quarter. Two Seas Capital LP now owns 860,000 shares of the company’s stock worth $8,445,000 after purchasing an additional 585,000 shares during the last quarter. Institutional investors and hedge funds own 41.08% of the company’s stock.

IREN Price Performance

Shares of IREN opened at $22.35 on Thursday. IREN Limited has a 1 year low of $5.13 and a 1 year high of $23.38. The stock has a 50 day simple moving average of $17.06 and a 200-day simple moving average of $11.14.

Analyst Upgrades and Downgrades

IREN has been the subject of several research analyst reports. Wall Street Zen raised IREN from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. HC Wainwright cut their price objective on IREN from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, May 15th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $23.00 price target on shares of IREN in a report on Friday, May 16th. Macquarie upped their price target on IREN from $15.50 to $20.00 and gave the company an “outperform” rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $16.00 price target (up previously from $12.00) on shares of IREN in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.89.

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.