939,088 Shares in IperionX Limited (NASDAQ:IPX) Purchased by Thomist Capital Management LP

Thomist Capital Management LP bought a new position in IperionX Limited (NASDAQ:IPX) in the fourth quarter, HoldingsChannel reports. The fund bought 939,088 shares of the company’s stock, valued at approximately $32,305,000. IperionX makes up about 7.8% of Thomist Capital Management LP’s portfolio, making the stock its 5th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of IPX. Atlantic Union Bankshares Corp purchased a new stake in IperionX in the fourth quarter worth approximately $241,000. Citadel Advisors LLC purchased a new stake in IperionX in the 4th quarter worth $283,000. Corigliano Investment Advisers LLC purchased a new stake in IperionX in the 4th quarter worth $344,000. Marshall Wace LLP purchased a new stake in IperionX in the 4th quarter worth $465,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in IperionX in the 4th quarter worth $602,000. Institutional investors own 2.76% of the company’s stock.

IperionX Stock Performance

Shares of IPX stock opened at $21.16 on Friday. 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’s fifty day simple moving average is $19.13 and its two-hundred day simple moving average is $24.45.

Analyst Ratings Changes

Separately, B. Riley decreased their price target 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 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.