Polar Asset Management Partners Inc. Sells 24,582 Shares of IperionX Limited (NASDAQ:IPX)

Polar Asset Management Partners Inc. lowered its holdings in IperionX Limited (NASDAQ:IPX) by 67.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,820 shares of the company’s stock after selling 24,582 shares during the period. Polar Asset Management Partners Inc.’s holdings in IperionX were worth $407,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Atlantic Union Bankshares Corp purchased a new position in IperionX in the fourth quarter worth $241,000. Citadel Advisors LLC bought a new position in shares of IperionX during the 4th quarter valued at about $283,000. Corigliano Investment Advisers LLC purchased a new position in shares of IperionX during the 4th quarter valued at about $344,000. Marshall Wace LLP bought a new stake in IperionX in the 4th quarter worth approximately $465,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in IperionX during the fourth quarter valued at approximately $602,000. Institutional investors own 2.76% of the company’s stock.

IperionX Trading Up 5.4%

NASDAQ IPX opened at $21.16 on Friday. The stock has a 50-day moving average of $19.13 and a 200-day moving average of $24.45. 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 1-year low of $12.28 and a 1-year high of $38.93.

Wall Street Analysts Forecast Growth

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 report on Tuesday, April 22nd.

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.