Shay Capital LLC lowered its position in shares of IperionX Limited (NASDAQ:IPX - Free Report) by 65.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,700 shares of the company's stock after selling 29,983 shares during the period. Shay Capital LLC's holdings in IperionX were worth $540,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Corigliano Investment Advisers LLC purchased a new position in IperionX during the 4th quarter valued at about $344,000. Citadel Advisors LLC bought a new position in shares of IperionX during the fourth quarter valued at approximately $283,000. Bank of America Corp DE increased its holdings in IperionX by 15.8% during the fourth quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock valued at $832,000 after buying an additional 3,293 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in IperionX during the fourth quarter valued at approximately $602,000. Finally, Stifel Financial Corp raised its stake in IperionX by 27.9% in the fourth quarter. Stifel Financial Corp now owns 900,237 shares of the company's stock worth $30,968,000 after buying an additional 196,558 shares in the last quarter. Hedge funds and other institutional investors own 2.76% of the company's stock.
Analysts Set New Price Targets
Separately, B. Riley cut their price target on IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd.
Get Our Latest Analysis on IPX
IperionX Price Performance
Shares of NASDAQ IPX traded up $0.23 during trading hours on Thursday, hitting $23.06. 24,506 shares of the stock were exchanged, compared to its average volume of 48,291. IperionX Limited has a 12 month low of $12.28 and a 12 month high of $38.93. The firm has a fifty day moving average price of $19.23 and a 200-day moving average price of $24.43. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02.
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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