Polar Asset Management Partners Inc. Sells 24,582 Shares of IperionX Limited (NASDAQ:IPX)

Polar Asset Management Partners Inc. reduced its holdings in shares of IperionX Limited (NASDAQ:IPX - Free Report) by 67.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,820 shares of the company's stock after selling 24,582 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in IperionX were worth $407,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Atlantic Union Bankshares Corp bought a new stake in shares of IperionX in the 4th quarter worth approximately $241,000. Citadel Advisors LLC purchased a new stake in IperionX in the fourth quarter worth $283,000. Corigliano Investment Advisers LLC bought a new stake in shares of IperionX in the fourth quarter valued at $344,000. Marshall Wace LLP purchased a new position in shares of IperionX during the 4th quarter valued at $465,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of IperionX during the 4th quarter valued at $602,000. Hedge funds and other institutional investors own 2.76% of the company's stock.

IperionX Stock Up 5.4%

IPX opened at $21.16 on Friday. IperionX Limited has a 12 month low of $12.28 and a 12 month high of $38.93. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $19.13 and a 200 day moving average of $24.45.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their price objective on IperionX from $30.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd.

IperionX Profile

IperionX's mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX's breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.

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