Mercer Global Advisors Inc. ADV bought a new position in shares of IperionX Limited (NASDAQ:IPX – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,500 shares of the company’s stock, valued at approximately $602,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of IPX. Stifel Financial Corp lifted its position in IperionX by 27.9% during the fourth quarter. Stifel Financial Corp now owns 900,237 shares of the company’s stock valued at $30,968,000 after purchasing an additional 196,558 shares during the last quarter. Sowell Financial Services LLC bought a new position in IperionX during the fourth quarter valued at $1,597,000. Tidal Investments LLC bought a new position in IperionX during the third quarter valued at $368,000. Marshall Wace LLP bought a new position in IperionX during the fourth quarter valued at $465,000. Finally, Atlantic Union Bankshares Corp bought a new position in IperionX during the fourth quarter valued at $241,000. Institutional investors own 2.76% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, B. Riley lowered their price objective on shares of IperionX from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd.
IperionX Stock Performance
IPX stock opened at $22.94 on Monday. IperionX Limited has a 52 week low of $12.28 and a 52 week 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. The company has a fifty day simple moving average of $19.09 and a two-hundred day simple moving average of $24.49.
IperionX Company Profile
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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