MP Materials Corp. (NYSE:MP) Shares Sold by Bfsg LLC

Bfsg LLC decreased its position in MP Materials Corp. (NYSE:MP) by 80.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,451 shares of the company’s stock after selling 22,762 shares during the quarter. Bfsg LLC’s holdings in MP Materials were worth $85,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in MP. Captrust Financial Advisors boosted its stake in shares of MP Materials by 5.0% in the third quarter. Captrust Financial Advisors now owns 11,734 shares of the company’s stock valued at $207,000 after purchasing an additional 557 shares during the period. Cutter & CO Brokerage Inc. lifted its holdings in MP Materials by 0.5% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 190,098 shares of the company’s stock worth $3,355,000 after buying an additional 910 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its position in MP Materials by 0.4% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 255,495 shares of the company’s stock valued at $4,509,000 after buying an additional 1,135 shares during the period. KBC Group NV grew its stake in shares of MP Materials by 35.7% in the third quarter. KBC Group NV now owns 4,733 shares of the company’s stock worth $84,000 after acquiring an additional 1,246 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of MP Materials by 69.3% during the fourth quarter. GAMMA Investing LLC now owns 3,775 shares of the company’s stock worth $59,000 after acquiring an additional 1,545 shares during the period. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MP shares. BMO Capital Markets lifted their target price on MP Materials from $19.50 to $22.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Canaccord Genuity Group increased their price target on MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.45.

MP Materials Stock Performance

Shares of MP Materials stock opened at $23.05 on Thursday. The firm has a market capitalization of $3.76 billion, a P/E ratio of -42.69 and a beta of 2.34. The company has a quick ratio of 6.13, a current ratio of 6.93 and a debt-to-equity ratio of 0.88. MP Materials Corp. has a 52 week low of $10.02 and a 52 week high of $26.00. The firm’s 50 day moving average is $20.28 and its two-hundred day moving average is $17.80.

Insider Activity at MP Materials

In other MP Materials news, CFO Ryan Corbett sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $21.50, for a total value of $752,500.00. Following the completion of the sale, the chief financial officer now owns 260,021 shares in the company, valued at approximately $5,590,451.50. The trade was a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James H. Litinsky sold 386,223 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $24.01, for a total transaction of $9,273,214.23. Following the transaction, the chief executive officer now owns 15,643,076 shares in the company, valued at approximately $375,590,254.76. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 955,890 shares of company stock valued at $20,944,628 in the last ninety days. Insiders own 12.60% of the company’s stock.

MP Materials Profile

MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.