Danske Bank A S Increases Stock Holdings in MP Materials Corp. $MP

Key Points

• Danske Bank A/S boosted its stake by 2,798.4% in Q4 to 40,577 shares (an additional 39,177), with holdings worth about $2.05 million.
• Company insiders sold a total of 346,000 shares last quarter — including CFO Ryan Corbett (46,000) and CEO James Litinsky (259,179) — totaling roughly $21.97 million; insiders now own about 8.20% of the stock.
• Wall Street's consensus is a Buy with an average target of $79.08, while MP shares trade near $68.03 (12‑month range $18.64–$100.25) and the company has a market cap of about $12.09 billion.

Danske Bank A S boosted its stake in shares of MP Materials Corp. (NYSE:MP - Free Report) by 2,798.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 40,577 shares of the company's stock after buying an additional 39,177 shares during the period. Danske Bank A S's holdings in MP Materials were worth $2,050,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. bought a new position in MP Materials during the fourth quarter valued at $26,000. Financial Consulate Inc. lifted its holdings in shares of MP Materials by 555.3% in the 4th quarter. Financial Consulate Inc. now owns 557 shares of the company's stock worth $28,000 after acquiring an additional 472 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of MP Materials by 75.9% during the 3rd quarter. Bessemer Group Inc. now owns 642 shares of the company's stock worth $43,000 after purchasing an additional 277 shares during the period. Montag A & Associates Inc. grew its holdings in MP Materials by 106.2% during the 3rd quarter. Montag A & Associates Inc. now owns 635 shares of the company's stock valued at $43,000 after purchasing an additional 327 shares during the last quarter. Finally, Bogart Wealth LLC bought a new position in MP Materials during the 4th quarter valued at about $47,000. 52.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MP shares. Wedbush began coverage on MP Materials in a report on Monday, April 20th. They issued an "outperform" rating and a $90.00 price target on the stock. Morgan Stanley dropped their price objective on MP Materials from $71.00 to $62.00 and set an "overweight" rating for the company in a report on Thursday, April 9th. Wall Street Zen upgraded MP Materials from a "sell" rating to a "hold" rating in a report on Sunday, March 8th. TD Securities upgraded MP Materials to a "strong-buy" rating in a report on Monday, February 9th. Finally, William Blair restated an "outperform" rating on shares of MP Materials in a report on Wednesday, March 4th. Two research 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 stock. Based on data from MarketBeat, MP Materials currently has a consensus rating of "Buy" and an average target price of $79.08.

MP Materials Trading Up 2.8%

Shares of NYSE MP opened at $68.03 on Wednesday. MP Materials Corp. has a twelve month low of $18.64 and a twelve month high of $100.25. The firm has a market cap of $12.09 billion, a PE ratio of -130.82 and a beta of 1.90. The business has a fifty day simple moving average of $57.82 and a two-hundred day simple moving average of $59.81. The company has a quick ratio of 6.67, a current ratio of 7.24 and a debt-to-equity ratio of 0.47.

MP Materials (NYSE:MP - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. MP Materials had a negative return on equity of 4.28% and a negative net margin of 38.26%.The business had revenue of $52.69 million during the quarter, compared to analysts' expectations of $76.06 million. During the same period in the prior year, the business earned ($0.12) EPS. The business's revenue for the quarter was down 13.6% compared to the same quarter last year. Analysts expect that MP Materials Corp. will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at MP Materials

In other MP Materials news, CFO Ryan Corbett sold 46,000 shares of the company's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $60.00, for a total value of $2,760,000.00. Following the completion of the sale, the chief financial officer directly owned 129,017 shares in the company, valued at approximately $7,741,020. This represents a 26.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James H. Litinsky sold 259,179 shares of the company's stock in a transaction on Monday, April 20th. The stock was sold at an average price of $64.03, for a total value of $16,595,231.37. Following the completion of the sale, the chief executive officer owned 12,505,965 shares of the company's stock, valued at $800,756,938.95. This represents a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 346,000 shares of company stock valued at $21,969,816 over the last quarter. Company insiders own 8.20% of the company's stock.

MP Materials Company Profile

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.

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