Aquatic Capital Management LLC Takes $1.18 Million Position in MP Materials Corp. (NYSE:MP)

Aquatic Capital Management LLC acquired a new position in MP Materials Corp. (NYSE:MP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 75,865 shares of the company's stock, valued at approximately $1,183,000.

A number of other institutional investors have also recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its holdings in shares of MP Materials by 40.3% in the 4th 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. purchased a new position in MP Materials in the fourth quarter valued at about $40,000. Geneos Wealth Management Inc. grew its position in shares of MP Materials by 205.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company's stock valued at $43,000 after acquiring an additional 1,849 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of MP Materials by 204.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company's stock worth $51,000 after purchasing an additional 2,200 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of MP Materials by 69.3% in the 4th 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 period. Institutional investors own 52.55% of the company's stock.

Insider Buying and Selling

In other news, CEO James H. Litinsky sold 199,180 shares of MP Materials stock in a transaction on Monday, April 14th. The shares were sold at an average price of $27.08, for a total transaction of $5,393,794.40. Following the completion of the sale, the chief executive officer now directly owns 13,643,076 shares of the company's stock, valued at approximately $369,454,498.08. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ryan Corbett sold 60,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.51, for a total value of $1,530,600.00. Following the completion of the transaction, the chief financial officer now directly owns 230,100 shares in the company, valued at approximately $5,869,851. This represents a 20.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,330,015 shares of company stock worth $34,559,781 over the last ninety days. 12.60% of the stock is owned by corporate insiders.

MP Materials Price Performance

Shares of MP Materials stock traded up $0.67 on Friday, reaching $25.01. The stock had a trading volume of 3,270,502 shares, compared to its average volume of 3,613,360. The business's 50 day moving average is $24.77 and its two-hundred day moving average is $21.67. The company has a market cap of $4.09 billion, a P/E ratio of -42.39 and a beta of 2.24. MP Materials Corp. has a 1 year low of $10.02 and a 1 year high of $29.72. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88.

MP Materials (NYSE:MP - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. As a group, research analysts anticipate that MP Materials Corp. will post -0.19 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on MP shares. BMO Capital Markets raised their target price on MP Materials from $22.00 to $29.00 and gave the stock a "market perform" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. lowered their price objective on MP Materials from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.94.

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.