Thomist Capital Management LP purchased a new stake in shares of IperionX Limited (NASDAQ:IPX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 939,088 shares of the company's stock, valued at approximately $32,305,000. IperionX accounts for approximately 7.8% of Thomist Capital Management LP's holdings, making the stock its 5th biggest position. Thomist Capital Management LP owned about 2.97% of IperionX as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in IperionX by 15.8% during the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock valued at $832,000 after acquiring an additional 3,293 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of IperionX during the fourth quarter valued at approximately $241,000. Citadel Advisors LLC bought a new stake in shares of IperionX in the 4th quarter worth approximately $283,000. Corigliano Investment Advisers LLC purchased a new stake in shares of IperionX in the 4th quarter worth approximately $344,000. Finally, Marshall Wace LLP purchased a new stake in shares of IperionX in the 4th quarter worth approximately $465,000. 2.76% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, B. Riley lowered their price objective on IperionX from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd.
Read Our Latest Stock Report on IperionX
IperionX Stock Up 5.4%
Shares of IPX stock opened at $21.16 on Friday. 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 one year low of $12.28 and a one year high of $38.93. The company's 50-day moving average is $19.13 and its 200 day moving average is $24.45.
About IperionX
(
Free Report)
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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