IperionX Limited (NASDAQ:IPX) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC lifted its holdings in shares of IperionX Limited (NASDAQ:IPX) by 134.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 26,528 shares of the company’s stock after buying an additional 15,202 shares during the period. Jane Street Group LLC’s holdings in IperionX were worth $591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IPX. Symmetry Peak Management LLC acquired a new position in IperionX during the third quarter worth approximately $228,000. Ballentine Partners LLC acquired a new position in shares of IperionX in the third quarter valued at approximately $529,000. Finally, Stifel Financial Corp boosted its stake in shares of IperionX by 34.3% in the third quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock valued at $15,671,000 after buying an additional 179,650 shares in the last quarter. Institutional investors and hedge funds own 2.76% of the company’s stock.

IperionX Stock Performance

IperionX stock opened at $33.50 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61. IperionX Limited has a fifty-two week low of $9.44 and a fifty-two week high of $38.93. The stock’s fifty day moving average is $27.75 and its two-hundred day moving average is $21.05.

Analyst Ratings Changes

Separately, B. Riley began coverage on IperionX in a research note on Thursday, October 10th. They issued a “buy” rating and a $30.00 price target on the stock.

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.