Barclays PLC Has $1.90 Million Stock Holdings in MP Materials Corp. (NYSE:MP)

Barclays PLC increased its holdings in shares of MP Materials Corp. (NYSE:MP - Free Report) by 150.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 121,392 shares of the company's stock after purchasing an additional 72,868 shares during the period. Barclays PLC owned approximately 0.07% of MP Materials worth $1,895,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its stake in MP Materials by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company's stock valued at $38,000 after acquiring an additional 701 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of MP Materials in the fourth quarter valued at $40,000. Geneos Wealth Management Inc. lifted its position in MP Materials by 205.4% in the fourth 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 during the period. Nisa Investment Advisors LLC lifted its position in MP Materials by 204.7% in the fourth 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 period. Finally, GAMMA Investing LLC increased its holdings in MP Materials by 69.3% in the 4th 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 during the period. Institutional investors own 52.55% of the company's stock.

Insider Buying and Selling at MP Materials

In related news, CEO James H. Litinsky sold 199,180 shares of MP Materials stock in a transaction on Monday, April 14th. The stock was 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 $369,454,498.08. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ryan Corbett sold 15,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.00, for a total value of $405,000.00. Following the completion of the transaction, the chief financial officer now directly owns 214,812 shares in the company, valued at $5,799,924. The trade was a 6.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 943,792 shares of company stock worth $25,286,567. Company insiders own 12.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MP. JPMorgan Chase & Co. decreased their price objective on MP Materials from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. DA Davidson upped their price target on MP Materials from $25.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, March 19th. Finally, BMO Capital Markets lifted their price objective on MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, MP Materials has a consensus rating of "Moderate Buy" and a consensus target price of $23.94.

MP Materials Price Performance

Shares of MP traded down $1.04 during mid-day trading on Wednesday, hitting $23.65. 4,820,953 shares of the company traded hands, compared to its average volume of 3,620,296. 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 $3.87 billion, a price-to-earnings ratio of -40.08 and a beta of 2.24. The business has a 50-day moving average of $24.81 and a 200 day moving average of $21.79. MP Materials Corp. has a one year low of $10.02 and a one year high of $29.72.

MP Materials (NYSE:MP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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, equities analysts expect that MP Materials Corp. will post -0.19 earnings per share for the current fiscal year.

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.