Rush Island Management LP bought a new position in shares of Iris Energy Limited (NASDAQ:IREN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 566,744 shares of the company's stock, valued at approximately $4,783,000. Iris Energy makes up 0.4% of Rush Island Management LP's portfolio, making the stock its 17th largest position. Rush Island Management LP owned 0.30% of Iris Energy at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. AFG Fiduciary Services Limited Partnership purchased a new position in Iris Energy during the third quarter valued at approximately $77,000. Covestor Ltd purchased a new position in shares of Iris Energy during the 3rd quarter valued at $87,000. Sippican Capital Advisors bought a new position in shares of Iris Energy in the third quarter worth $94,000. Bluefin Capital Management LLC purchased a new stake in shares of Iris Energy in the second quarter worth $113,000. Finally, Seven Eight Capital LP bought a new stake in Iris Energy during the second quarter valued at $146,000. 41.08% of the stock is owned by institutional investors.
Iris Energy Price Performance
NASDAQ:IREN traded down $0.12 during trading hours on Thursday, reaching $14.15. The company's stock had a trading volume of 25,868,946 shares, compared to its average volume of 13,726,151. The firm has a 50-day simple moving average of $10.01 and a 200-day simple moving average of $9.79. Iris Energy Limited has a 1 year low of $3.56 and a 1 year high of $15.75.
Wall Street Analyst Weigh In
IREN has been the topic of several recent analyst reports. Canaccord Genuity Group raised their price target on Iris Energy from $15.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Iris Energy in a research note on Wednesday, November 27th. HC Wainwright boosted their price target on shares of Iris Energy from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Cantor Fitzgerald increased their price target on shares of Iris Energy from $20.00 to $23.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Finally, B. Riley dropped their price objective on shares of Iris Energy from $17.00 to $12.00 and set a "buy" rating for the company in a report on Friday, September 13th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $16.94.
Check Out Our Latest Analysis on Iris Energy
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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