Janus Henderson Group PLC Purchases 28,100 Shares of IREN Limited $IREN

Janus Henderson Group PLC increased its position in IREN Limited (NASDAQ:IREN – Free Report) by 439.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 34,495 shares of the company’s stock after purchasing an additional 28,100 shares during the period. Janus Henderson Group PLC’s holdings in IREN were worth $1,182,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. North Star Investment Management Corp. purchased a new stake in shares of IREN in the 4th quarter worth about $26,000. Clearstead Trust LLC purchased a new position in IREN during the 4th quarter valued at about $27,000. Motco purchased a new position in IREN during the 4th quarter valued at about $30,000. Purpose Unlimited Inc. bought a new stake in IREN during the fourth quarter worth about $34,000. Finally, Hollencrest Capital Management boosted its stake in IREN by 50.0% during the first quarter. Hollencrest Capital Management now owns 1,050 shares of the company’s stock worth $36,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 41.08% of the company’s stock.

Get IREN alerts:

IREN Price Performance

Shares of NASDAQ IREN opened at $38.74 on Tuesday. IREN Limited has a twelve month low of $17.22 and a twelve month high of $76.87. The firm has a market cap of $13.84 billion, a P/E ratio of 80.71 and a beta of 4.29. The company has a 50 day moving average of $46.06 and a 200 day moving average of $46.56. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.44.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IREN. HC Wainwright lifted their target price on shares of IREN from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. B. Riley Financial upped their price target on IREN from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Weiss Ratings lowered IREN from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price objective on IREN from $39.00 to $46.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Finally, Compass Point reissued a “buy” rating on shares of IREN in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, IREN currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.71.

Check Out Our Latest Stock Analysis on IREN

IREN Company Profile

(Free Report)

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.

Featured Stories

• Five stocks we like better than IREN
• SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
• 3 Dividend Champion Utilities for a Market That Can’t Sit Still
• These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
• First Solar’s Profit Engine Faces a New Policy Test in Washington

Want to see what other hedge funds are holding IREN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IREN Limited (NASDAQ:IREN – Free Report).

Receive News & Ratings for IREN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IREN and related companies with MarketBeat.com's FREE daily email newsletter.