180 Wealth Advisors LLC Sells 18,716 Shares of MP Materials Corp. (NYSE:MP)

180 Wealth Advisors LLC reduced its position in shares of MP Materials Corp. (NYSE:MP - Free Report) by 38.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,341 shares of the company's stock after selling 18,716 shares during the quarter. 180 Wealth Advisors LLC's holdings in MP Materials were worth $716,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position 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 acquiring an additional 701 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in MP Materials during the 4th quarter valued at about $40,000. IMG Wealth Management Inc. bought a new stake in MP Materials during the 4th quarter worth approximately $66,000. Resona Asset Management Co. Ltd. bought a new stake in MP Materials during the 4th quarter worth approximately $86,000. Finally, Parallel Advisors LLC raised its stake in shares of MP Materials by 40.4% in the first quarter. Parallel Advisors LLC now owns 5,734 shares of the company's stock worth $140,000 after purchasing an additional 1,651 shares during the last quarter. Institutional investors own 52.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BMO Capital Markets upped their price target on MP Materials from $22.00 to $29.00 and gave the stock a "market perform" rating in a report on Thursday, March 20th. DA Davidson lifted their price objective on shares of MP Materials from $25.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their target price on shares of MP Materials from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, May 12th. Four investment 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.com, MP Materials presently has an average rating of "Moderate Buy" and a consensus price target of $23.61.

Insider Activity at MP Materials

In related news, CEO James H. Litinsky sold 489,918 shares of MP Materials stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.77, for a total value of $13,115,104.86. Following the completion of the transaction, the chief executive officer now directly owns 15,153,158 shares in the company, valued at approximately $405,650,039.66. The trade was a 3.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ryan Corbett sold 15,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.00, for a total transaction of $405,000.00. Following the sale, 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. Over the last quarter, insiders have sold 943,792 shares of company stock worth $25,286,567. Insiders own 9.50% of the company's stock.

MP Materials Stock Performance

Shares of MP Materials stock traded up $1.50 during trading hours on Tuesday, hitting $22.00. 8,313,398 shares of the company's stock traded hands, compared to its average volume of 3,882,345. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -37.29 and a beta of 2.14. MP Materials Corp. has a 12-month low of $10.02 and a 12-month high of $29.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 6.93 and a quick ratio of 6.13. The company has a fifty day simple moving average of $23.15 and a 200-day simple moving average of $22.07.

MP Materials (NYSE:MP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). The company had revenue of $60.81 million for the quarter, compared to analysts' expectations of $64.74 million. MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. The business's quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. Equities research analysts anticipate that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

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.