Polar Asset Management Partners Inc. Trims Holdings in IperionX Limited (NASDAQ:IPX)

Polar Asset Management Partners Inc. reduced its position in IperionX Limited (NASDAQ:IPX - Free Report) by 67.5% during the 4th quarter, according to its most recent filing with the SEC. 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 filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of IperionX by 15.8% during the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock worth $832,000 after buying an additional 3,293 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in IperionX during the fourth quarter worth $241,000. Citadel Advisors LLC purchased a new position in IperionX in the fourth quarter worth $283,000. Corigliano Investment Advisers LLC purchased a new position in IperionX in the fourth quarter worth $344,000. Finally, Marshall Wace LLP acquired a new stake in IperionX in the fourth quarter valued at $465,000. Hedge funds and other institutional investors own 2.76% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley lowered their price target on shares of IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd.

IperionX Stock Up 3.8%

IPX traded up $0.87 on Friday, hitting $23.68. 18,607 shares of the company were exchanged, compared to its average volume of 48,293. IperionX Limited has a fifty-two week low of $12.28 and a fifty-two week high of $38.93. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02. The business's fifty day moving average is $19.27 and its 200 day moving average is $24.43.

IperionX Company 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.