IperionX Limited (NASDAQ:IPX) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lessened its holdings in IperionX Limited (NASDAQ:IPX - Free Report) by 67.5% during the fourth quarter, according to the company in its most recent 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 period. Polar Asset Management Partners Inc.'s holdings in IperionX were worth $407,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in IperionX during the 4th quarter valued at $241,000. Sowell Financial Services LLC acquired a new stake in IperionX during the 4th quarter valued at $1,597,000. Marshall Wace LLP acquired a new stake in IperionX during the 4th quarter valued at $465,000. Stifel Financial Corp grew its holdings in IperionX by 27.9% during the 4th quarter. Stifel Financial Corp now owns 900,237 shares of the company's stock valued at $30,968,000 after purchasing an additional 196,558 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in IperionX during the 4th quarter valued at $602,000. 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 for the company in a report on Tuesday, April 22nd.

IperionX Stock Up 4.0%

IPX stock traded up $0.92 during mid-day trading on Friday, hitting $24.13. 54,269 shares of the company were exchanged, compared to its average volume of 49,668. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61. IperionX Limited has a twelve month low of $12.28 and a twelve month high of $38.93. The firm has a fifty day simple moving average of $19.73 and a 200 day simple moving average of $24.42.

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.