16,550 Shares in MP Materials Corp. $MP Bought by SLT Holdings LLC

SLT Holdings LLC purchased a new position in MP Materials Corp. (NYSE:MPFree Report) during the 4th quarter, Holdings Channel reports. The firm purchased 16,550 shares of the company’s stock, valued at approximately $836,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hantz Financial Services Inc. grew its position in MP Materials by 69.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,354 shares of the company’s stock worth $119,000 after purchasing an additional 963 shares during the last quarter. Legato Capital Management LLC grew its position in MP Materials by 47.5% in the 4th quarter. Legato Capital Management LLC now owns 26,430 shares of the company’s stock worth $1,335,000 after purchasing an additional 8,515 shares during the last quarter. Prescott Group Capital Management L.L.C. grew its position in MP Materials by 182.5% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 15,480 shares of the company’s stock worth $782,000 after purchasing an additional 10,000 shares during the last quarter. Leonteq Securities AG acquired a new stake in MP Materials in the 4th quarter worth $2,451,000. Finally, Pinkerton Wealth LLC grew its position in MP Materials by 61.5% in the 4th quarter. Pinkerton Wealth LLC now owns 23,017 shares of the company’s stock worth $1,163,000 after purchasing an additional 8,768 shares during the last quarter. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MP Materials

In other MP Materials news, CEO James H. Litinsky sold 259,179 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $64.03, for a total value of $16,595,231.37. Following the completion of the transaction, the chief executive officer directly owned 12,505,965 shares of the company’s stock, valued at approximately $800,756,938.95. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ryan Corbett sold 46,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $60.00, for a total transaction of $2,760,000.00. Following the completion of the transaction, the chief financial officer directly owned 129,017 shares of the company’s stock, valued at approximately $7,741,020. This represents a 26.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 666,000 shares of company stock worth $43,103,382 over the last ninety days. Corporate insiders own 8.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MP. Wall Street Zen upgraded shares of MP Materials from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings restated a “sell (d-)” rating on shares of MP Materials in a research report on Tuesday, April 21st. Wedbush raised their price target on shares of MP Materials from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Barclays began coverage on shares of MP Materials in a research report on Thursday. They issued an “overweight” rating and a $69.00 price target on the stock. Finally, TD Securities upgraded shares of MP Materials to a “strong-buy” rating in a research report on Monday, February 9th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, MP Materials has an average rating of “Buy” and a consensus price target of $80.08.

Check Out Our Latest Report on MP Materials

MP Materials Price Performance

NYSE:MP opened at $64.42 on Monday. The firm has a market cap of $11.47 billion, a PE ratio of -153.37 and a beta of 1.90. MP Materials Corp. has a 12 month low of $18.64 and a 12 month high of $100.25. The company has a quick ratio of 6.58, a current ratio of 7.18 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $58.67 and its two-hundred day moving average price is $59.18.

MP Materials (NYSE:MPGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $90.65 million for the quarter, compared to analyst estimates of $74.82 million. MP Materials had a negative net margin of 28.00% and a negative return on equity of 2.27%. The company’s revenue for the quarter was up 49.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.12) earnings per share. On average, equities analysts anticipate that MP Materials Corp. will post -0.04 EPS for the current fiscal year.

Key Headlines Impacting MP Materials

Here are the key news stories impacting MP Materials this week:

MP Materials Profile

(Free Report)

MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.

The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.

See Also

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Institutional Ownership by Quarter for MP Materials (NYSE:MP)

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