Marshall Wace LLP purchased a new stake in shares of IperionX Limited (NASDAQ:IPX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 13,510 shares of the company's stock, valued at approximately $465,000.
Several other hedge funds and other institutional investors also recently modified their holdings of IPX. Sowell Financial Services LLC bought a new position in shares of IperionX in the 4th quarter worth $1,597,000. Jane Street Group LLC raised its position in IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock valued at $591,000 after purchasing an additional 15,202 shares in the last quarter. Tidal Investments LLC bought a new stake in IperionX during the third quarter worth about $368,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of IperionX in the 4th quarter worth about $241,000. Hedge funds and other institutional investors own 2.76% of the company's stock.
IperionX Price Performance
IPX stock traded down $0.47 during trading on Thursday, hitting $21.80. 3,569 shares of the company traded hands, compared to its average volume of 47,917. 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 company has a 50-day moving average of $19.09 and a 200-day moving average of $24.44. IperionX Limited has a 1 year low of $12.28 and a 1 year high of $38.93.
Wall Street Analysts Forecast Growth
Separately, B. Riley cut their price objective on shares of IperionX from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd.
View Our Latest Stock Report on IperionX
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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