Jane Street Group LLC raised its holdings in IperionX Limited (NASDAQ:IPX - Free Report) by 134.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,528 shares of the company's stock after buying an additional 15,202 shares during the quarter. Jane Street Group LLC owned about 0.09% of IperionX worth $591,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in shares of IperionX during the third quarter worth $529,000. Symmetry Peak Management LLC acquired a new stake in IperionX during the 3rd quarter worth about $228,000. Finally, Stifel Financial Corp grew its stake in IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock valued at $15,671,000 after purchasing an additional 179,650 shares during the last quarter. Institutional investors and hedge funds own 2.76% of the company's stock.
Analyst Ratings Changes
Separately, B. Riley initiated coverage on IperionX in a research note on Thursday, October 10th. They issued a "buy" rating and a $30.00 price objective for the company.
Read Our Latest Research Report on IPX
IperionX Stock Performance
Shares of NASDAQ:IPX traded down $1.90 during midday trading on Friday, reaching $33.50. The company's stock had a trading volume of 72,914 shares, compared to its average volume of 78,707. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average of $27.75 and a 200 day moving average of $21.10. IperionX Limited has a twelve month low of $9.44 and a twelve month high of $38.93.
IperionX Profile
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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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