Stifel Financial Corp Increases Stock Holdings in IperionX Limited (NASDAQ:IPX)

Stifel Financial Corp raised its holdings in IperionX Limited (NASDAQ:IPX - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 900,237 shares of the company's stock after purchasing an additional 196,558 shares during the quarter. Stifel Financial Corp owned about 2.85% of IperionX worth $30,968,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in IPX. Jane Street Group LLC increased its stake in shares of IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock worth $591,000 after acquiring an additional 15,202 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of IperionX during the 4th quarter worth approximately $1,597,000. Tidal Investments LLC acquired a new stake in shares of IperionX in the 3rd quarter worth approximately $368,000. Atlantic Union Bankshares Corp acquired a new position in IperionX during the fourth quarter worth $241,000. Finally, Marshall Wace LLP purchased a new stake in IperionX during the fourth quarter worth $465,000. Institutional investors and hedge funds own 2.76% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley lowered their price objective on shares of IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd.

IperionX Stock Down 3.6 %

IperionX stock traded down $0.77 during midday trading on Monday, reaching $20.46. 50,743 shares of the company were exchanged, compared to its average volume of 47,010. The firm's 50-day simple moving average is $19.83 and its 200-day simple moving average is $24.57. IperionX Limited has a 1 year low of $12.28 and a 1 year high of $38.93. 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

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.