MP Materials Corp. (NYSE:MP) CEO James H. Litinsky Sells 18,519 Shares

MP Materials Corp. (NYSE:MP) CEO James H. Litinsky sold 18,519 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $27.00, for a total value of $500,013.00. Following the completion of the sale, the chief executive officer now owns 13,842,256 shares of the company’s stock, valued at $373,740,912. This trade represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

MP Materials Price Performance

Shares of NYSE:MP opened at $25.97 on Friday. The firm has a 50 day moving average of $23.96 and a 200-day moving average of $20.13. MP Materials Corp. has a 12 month low of $10.02 and a 12 month high of $27.29. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.24 billion, a PE ratio of -44.02 and a beta of 2.32.

MP Materials (NYSE:MP) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $60.99 million for the quarter, compared to analyst estimates of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. On average, equities research analysts predict that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of MP Materials from $22.00 to $29.00 and gave the company a “market perform” rating in a research report on Thursday, March 20th. DA Davidson increased their target price on shares of MP Materials from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.61.

Institutional Trading of MP Materials

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in shares of MP Materials by 40.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company’s stock worth $38,000 after acquiring an additional 701 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of MP Materials during the 4th quarter valued at approximately $40,000. Geneos Wealth Management Inc. increased its position in MP Materials by 205.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company’s stock worth $43,000 after purchasing an additional 1,849 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in MP Materials by 204.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company’s stock valued at $51,000 after purchasing an additional 2,200 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in MP Materials by 69.3% in the fourth quarter. GAMMA Investing LLC now owns 3,775 shares of the company’s stock valued at $59,000 after buying an additional 1,545 shares in the last quarter. 52.55% of the stock is currently owned by institutional investors.

MP Materials Company 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.