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

MP Materials Corp. (NYSE:MP) CEO James H. Litinsky sold 18,519 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $27.00, for a total transaction of $500,013.00. Following the transaction, the chief executive officer now owns 13,842,256 shares of the company’s stock, valued at approximately $373,740,912. This trade represents a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

MP Materials Stock Up 0.6 %

MP Materials stock opened at $26.21 on Friday. The stock has a 50-day simple moving average of $23.86 and a 200-day simple moving average of $20.05. The company has a market capitalization of $4.28 billion, a P/E ratio of -44.42 and a beta of 2.32. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93. MP Materials Corp. has a fifty-two week low of $10.02 and a fifty-two week high of $27.29.

MP Materials (NYSE:MP) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $60.99 million during 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%. Equities research analysts expect that MP Materials Corp. will post -0.19 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC grew its holdings in shares of MP Materials by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company’s stock worth $38,000 after buying an additional 701 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in MP Materials during the 4th quarter worth approximately $40,000. Geneos Wealth Management Inc. lifted 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 acquiring an additional 1,849 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of 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 raised its stake 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 purchasing an additional 1,545 shares during the last quarter. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MP has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on MP Materials from $22.00 to $29.00 and gave the stock a “market perform” rating in a research note on Thursday, March 20th. DA Davidson increased their target price on shares of MP Materials from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $23.61.

About MP Materials

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.