CenterBook Partners LP Makes New $1.30 Million Investment in Iris Energy Limited (NASDAQ:IREN)

CenterBook Partners LP acquired a new stake in Iris Energy Limited (NASDAQ:IREN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 132,568 shares of the company's stock, valued at approximately $1,302,000. CenterBook Partners LP owned about 0.07% of Iris Energy as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft boosted its position in Iris Energy by 66.7% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 125,000 shares of the company's stock valued at $1,228,000 after buying an additional 50,000 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Iris Energy by 13.4% during the fourth quarter. Vontobel Holding Ltd. now owns 55,923 shares of the company's stock worth $549,000 after purchasing an additional 6,601 shares during the period. Private Advisor Group LLC bought a new stake in shares of Iris Energy in the fourth quarter worth about $120,000. Geode Capital Management LLC increased its holdings in Iris Energy by 56.3% during the 3rd quarter. Geode Capital Management LLC now owns 735,071 shares of the company's stock valued at $6,204,000 after purchasing an additional 264,883 shares during the period. Finally, State Street Corp raised its position in Iris Energy by 62.2% during the 3rd quarter. State Street Corp now owns 79,759 shares of the company's stock valued at $673,000 after purchasing an additional 30,576 shares during the last quarter. Hedge funds and other institutional investors own 41.08% of the company's stock.

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Analyst Ratings Changes

IREN has been the topic of a number of recent analyst reports. HC Wainwright boosted their target price on Iris Energy from $16.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Canaccord Genuity Group boosted their price objective on shares of Iris Energy from $17.00 to $23.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Iris Energy in a research report on Thursday, February 13th. Cantor Fitzgerald reiterated an "overweight" rating and set a $23.00 price target on shares of Iris Energy in a research report on Thursday, February 13th. Finally, B. Riley raised their price objective on shares of Iris Energy from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $20.40.

Iris Energy Price Performance

NASDAQ IREN traded down $0.30 during mid-day trading on Tuesday, reaching $5.45. The stock had a trading volume of 14,476,315 shares, compared to its average volume of 15,403,352. The company has a fifty day moving average price of $8.28 and a 200 day moving average price of $9.90. Iris Energy Limited has a 1 year low of $4.15 and a 1 year high of $15.92.

Iris Energy (NASDAQ:IREN - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.13. Iris Energy had a negative return on equity of 3.98% and a negative net margin of 17.94%. As a group, research analysts expect that Iris Energy Limited will post 0.43 EPS for the current fiscal year.

Iris Energy Company Profile

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