Jane Street Group LLC Purchases 15,202 Shares of IperionX Limited (NASDAQ:IPX)

Jane Street Group LLC boosted its position in IperionX Limited (NASDAQ:IPX) by 134.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,528 shares of the company’s stock after purchasing an additional 15,202 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of IperionX worth $591,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of IPX. Symmetry Peak Management LLC purchased a new stake in IperionX in the third quarter valued at approximately $228,000. Ballentine Partners LLC purchased a new position in shares of IperionX during the 3rd quarter valued at approximately $529,000. Finally, Stifel Financial Corp lifted its position in shares of IperionX by 34.3% during the 3rd 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.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on IperionX in a research note on Thursday, October 10th. They issued a “buy” rating and a $30.00 price objective for the company.

IperionX Price Performance

Shares of IPX opened at $33.50 on Friday. IperionX Limited has a 52-week low of $9.44 and a 52-week high of $38.93. The stock has a fifty day simple moving average of $27.75 and a two-hundred day simple moving average of $21.05. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.

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.