Sanctuary Advisors LLC Raises Stock Holdings in IREN Limited $IREN

Key Points

• Sanctuary Advisors LLC increased its stake in IREN by 282.2% in Q4, buying 34,129 shares to hold 46,224 shares valued at about $1.746 million.
• IREN reported weak quarterly results, with EPS of ($0.44) versus an expected ($0.07) and revenue of $184.69 million versus an expected $229.64 million, a 23.1% year‑over‑year decline.
• Analysts are mixed but overall view the stock as a "Moderate Buy" with an average target of $70.08; the company has a market cap of about $15.17 billion and a 52‑week range of $6.01–$76.87.

Sanctuary Advisors LLC lifted its stake in IREN Limited (NASDAQ:IREN - Free Report) by 282.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,224 shares of the company's stock after purchasing an additional 34,129 shares during the quarter. Sanctuary Advisors LLC's holdings in IREN were worth $1,746,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Centaurus Financial Inc. increased its position in shares of IREN by 1.1% during the 3rd quarter. Centaurus Financial Inc. now owns 31,482 shares of the company's stock valued at $1,477,000 after purchasing an additional 332 shares during the last quarter. Larson Financial Group LLC increased its position in shares of IREN by 26.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,590 shares of the company's stock valued at $75,000 after purchasing an additional 335 shares during the last quarter. Miller Wealth Advisors LLC increased its position in shares of IREN by 240.0% during the 4th quarter. Miller Wealth Advisors LLC now owns 680 shares of the company's stock valued at $26,000 after purchasing an additional 480 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of IREN during the 3rd quarter valued at approximately $25,000. Finally, SLT Holdings LLC lifted its holdings in shares of IREN by 6.0% in the 3rd quarter. SLT Holdings LLC now owns 10,600 shares of the company's stock worth $497,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 41.08% of the company's stock.

IREN Price Performance

IREN opened at $45.66 on Monday. The business has a fifty day moving average of $41.70 and a 200 day moving average of $46.84. IREN Limited has a 52-week low of $6.01 and a 52-week high of $76.87. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 1.51. The stock has a market cap of $15.17 billion, a P/E ratio of 34.33 and a beta of 4.17.

IREN (NASDAQ:IREN - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.37). IREN had a net margin of 56.59% and a negative return on equity of 10.01%. The business had revenue of $184.69 million for the quarter, compared to analysts' expectations of $229.64 million. The business's quarterly revenue was down 23.1% on a year-over-year basis. As a group, sell-side analysts anticipate that IREN Limited will post -0.8 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IREN. Weiss Ratings lowered shares of IREN from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, April 22nd. Wall Street Zen lowered shares of IREN from a "hold" rating to a "strong sell" rating in a report on Saturday, February 7th. Canaccord Genuity Group restated a "buy" rating and issued a $70.00 target price on shares of IREN in a report on Tuesday, February 10th. Freedom Capital upgraded shares of IREN to a "hold" rating in a report on Wednesday, April 1st. Finally, B. Riley Financial restated a "buy" rating on shares of IREN in a report on Friday, February 6th. Thirteen analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $70.08.

IREN 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.

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