Engineers Gate Manager LP Has $3.20 Million Position in IREN Limited $IREN

Engineers Gate Manager LP lowered its stake in IREN Limited (NASDAQ:IREN) by 44.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 69,883 shares of the company’s stock after selling 57,025 shares during the period. Engineers Gate Manager LP’s holdings in IREN were worth $3,196,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Trust LLC acquired a new stake in shares of IREN during the 4th quarter valued at $27,000. Motco bought a new position in IREN in the fourth quarter valued at about $30,000. GAMMA Investing LLC boosted its stake in shares of IREN by 177.5% during the second quarter. GAMMA Investing LLC now owns 691 shares of the company’s stock valued at $32,000 after purchasing an additional 442 shares in the last quarter. Purpose Unlimited Inc. acquired a new stake in shares of IREN during the fourth quarter valued at about $34,000. Finally, Hollencrest Capital Management grew its holdings in shares of 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 purchasing an additional 350 shares during the last quarter. Institutional investors own 41.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley downgraded shares of IREN to a “buy” rating in a research report on Wednesday, September 2nd. Weiss Ratings lowered shares of IREN from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 31st. Sanford C. Bernstein reissued an “outperform” rating and issued a $100.00 price objective on shares of IREN in a research note on Thursday, August 13th. HC Wainwright reaffirmed a “buy” rating and set a $90.00 target price on shares of IREN in a report on Friday, August 28th. Finally, B. Riley Financial upped their price target on IREN from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.57.

IREN Stock Performance

Shares of IREN stock opened at $43.83 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.55 and a current ratio of 3.55. The company has a market capitalization of $17.27 billion, a price-to-earnings ratio of -18.73 and a beta of 4.28. IREN Limited has a 52-week low of $28.93 and a 52-week high of $76.87. The company has a 50-day simple moving average of $40.29 and a two-hundred day simple moving average of $45.56.

More IREN News

Here are the key news stories impacting IREN this week:

• Positive Sentiment: IREN is being highlighted as one of several former bitcoin miners positioned to become “AI landlords” by leasing power and data-center capacity to hyperscalers and AI companies. The potential for large, long-term contracts supports the company’s AI growth narrative. Bitcoin Miners Are Turning Into AI Landlords
• Positive Sentiment: IREN shares moved higher in premarket trading alongside CoreWeave and Nebius, reflecting continued investor interest in publicly traded “neocloud” companies that can supply infrastructure for AI training and inference. Why Are CoreWeave, NBIS, and IREN Rising
• Positive Sentiment: IREN’s Sweetwater announcement may indicate that the company controls a larger potential power and data-center pipeline than its publicly disclosed gigawatt figures suggest. A larger pipeline could improve its ability to capture future AI demand. IREN’s Sweetwater Announcement
• Neutral Sentiment: Recent coverage continues to frame IREN as a potential beneficiary of accelerating AI infrastructure demand, but the investment case depends on converting available computing capacity into sustainable revenue. Is IREN Stock a Buy Now?
• Negative Sentiment: IREN pulled back after co-CEO Daniel Roberts said investors want proof of the company’s targeted $1 billion AI revenue run rate. The comments reinforced concerns about execution, delivery of AI capacity, and the timing of revenue realization. IREN Stock Slides as Investors Demand Proof
• Negative Sentiment: Reports also raised questions about IREN’s $2.4 billion Blue Owl financing arrangement and a referenced $684 million obligation, adding balance-sheet and financing scrutiny to the AI expansion story. IREN’s Blue Owl Financing

IREN Company Profile

IREN Limited, formerly known as Iris Energy Limited, is a data center infrastructure company focused on high-performance computing. The company develops and operates data centers powered by renewable energy and uses this infrastructure primarily for Bitcoin mining and, increasingly, artificial intelligence and other GPU-intensive cloud-computing applications.

IREN designs, builds and operates its own data centers, providing access to electrical power, computing hardware and related infrastructure.