BW Gestao de Investimentos Ltda. Purchases New Shares in MP Materials Corp. (NYSE:MP)

BW Gestao de Investimentos Ltda. acquired a new stake in MP Materials Corp. (NYSE:MP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 133,000 shares of the company's stock, valued at approximately $2,075,000. BW Gestao de Investimentos Ltda. owned 0.08% of MP Materials at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in MP Materials by 44.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,537,511 shares of the company's stock valued at $101,986,000 after buying an additional 2,005,505 shares during the period. BNP Paribas Financial Markets purchased a new position in MP Materials in the fourth quarter valued at about $14,886,000. Raymond James Financial Inc. purchased a new stake in shares of MP Materials during the 4th quarter worth approximately $6,284,000. HITE Hedge Asset Management LLC bought a new stake in shares of MP Materials in the 4th quarter worth approximately $6,019,000. Finally, Marshall Wace LLP purchased a new position in MP Materials in the fourth quarter valued at approximately $5,330,000. 52.55% of the stock is owned by hedge funds and other institutional investors.

MP Materials Price Performance

MP Materials stock traded down $0.55 during midday trading on Tuesday, hitting $24.65. 4,110,205 shares of the company's stock were exchanged, compared to its average volume of 3,611,751. The company has a market cap of $4.03 billion, a P/E ratio of -41.78 and a beta of 2.24. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93. The stock has a 50-day moving average price of $24.82 and a two-hundred day moving average price of $21.78. MP Materials Corp. has a 52-week low of $10.02 and a 52-week high of $29.72.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other MP Materials news, CEO James H. Litinsky sold 489,918 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.77, for a total value of $13,115,104.86. Following the completion of the sale, the chief executive officer now owns 15,153,158 shares in the company, valued at approximately $405,650,039.66. The trade was a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ryan Corbett sold 60,000 shares of MP Materials stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.51, for a total transaction 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. The trade was a 20.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 943,792 shares of company stock valued at $25,286,567 over the last quarter. 12.60% of the stock is owned by corporate insiders.

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.