Y Intercept Hong Kong Ltd boosted its stake in shares of Iris Energy Limited (NASDAQ:IREN - Free Report) by 592.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 206,706 shares of the company's stock after acquiring an additional 176,843 shares during the period. Y Intercept Hong Kong Ltd owned 0.11% of Iris Energy worth $1,745,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of Iris Energy during the second quarter valued at about $779,000. Van ECK Associates Corp grew its stake in shares of Iris Energy by 56.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,605,671 shares of the company's stock worth $13,938,000 after buying an additional 576,726 shares in the last quarter. Main Management ETF Advisors LLC bought a new stake in shares of Iris Energy in the 3rd quarter worth about $760,000. Vontobel Holding Ltd. increased its holdings in shares of Iris Energy by 123.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 49,322 shares of the company's stock worth $416,000 after buying an additional 27,212 shares during the last quarter. Finally, Creative Planning raised its position in shares of Iris Energy by 71.2% during the 3rd quarter. Creative Planning now owns 457,625 shares of the company's stock valued at $3,862,000 after buying an additional 190,300 shares in the last quarter. 41.08% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on IREN shares. Macquarie upped their price objective on Iris Energy from $13.50 to $19.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Roth Capital raised shares of Iris Energy to a "strong-buy" rating in a research note on Tuesday, October 1st. Canaccord Genuity Group raised their target price on shares of Iris Energy from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Roth Mkm assumed coverage on shares of Iris Energy in a report on Wednesday, October 2nd. They set a "buy" rating and a $14.00 price target on the stock. Finally, Compass Point decreased their price objective on shares of Iris Energy from $18.50 to $16.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.56.
Get Our Latest Research Report on Iris Energy
Iris Energy Stock Up 1.9 %
NASDAQ:IREN traded up $0.25 during midday trading on Wednesday, hitting $13.61. The stock had a trading volume of 18,584,686 shares, compared to its average volume of 13,808,386. The stock has a 50-day moving average of $10.49 and a 200 day moving average of $10.00. Iris Energy Limited has a one year low of $3.56 and a one year high of $15.92.
About Iris Energy
(
Free Report)
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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