MP Materials Corp. $MP Shares Sold by JT Stratford LLC

Key Points

• JT Stratford LLC cut its stake in MP Materials by 22.1%, selling 19,087 shares and leaving it with 67,370 shares valued at about $4.52 million as of the latest SEC filing.
• Significant insider selling occurred: CEO James Litinsky sold 272,600 shares for ~$17.49 million and CFO Ryan Corbett sold 38,146 shares, with insiders selling 723,146 shares total (≈$45.77 million) and owning 9.50% of the company.
• Several institutions initiated or boosted positions—Caxton Associates added a new ~$132.24 million position and National Bank of Canada FI increased to 2,013,462 shares (~$66.99 million)—leaving institutional/hedge ownership at 52.55%, while analysts have an average "Buy" rating and a $78.91 target.

JT Stratford LLC lessened its position in MP Materials Corp. (NYSE:MP - Free Report) by 22.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,370 shares of the company's stock after selling 19,087 shares during the quarter. JT Stratford LLC's holdings in MP Materials were worth $4,519,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Caxton Associates LLP acquired a new position in MP Materials in the 2nd quarter valued at $132,238,000. National Bank of Canada FI grew its holdings in shares of MP Materials by 19,314.3% during the second quarter. National Bank of Canada FI now owns 2,013,462 shares of the company's stock worth $66,987,000 after buying an additional 2,003,091 shares in the last quarter. Reaves W H & Co. Inc. raised its position in shares of MP Materials by 168.4% in the third quarter. Reaves W H & Co. Inc. now owns 2,589,908 shares of the company's stock valued at $173,705,000 after buying an additional 1,624,908 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of MP Materials by 76.3% in the second quarter. BNP Paribas Financial Markets now owns 2,921,542 shares of the company's stock valued at $97,200,000 after buying an additional 1,264,243 shares during the last quarter. Finally, Groupama Asset Managment purchased a new position in shares of MP Materials in the second quarter worth about $19,962,000. 52.55% of the stock is owned by institutional investors and hedge funds.

MP Materials Trading Up 0.3%

Shares of MP Materials stock opened at $61.57 on Thursday. The company has a current ratio of 7.24, a quick ratio of 6.67 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $60.62 and a 200-day simple moving average of $63.90. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of -118.40 and a beta of 1.55. MP Materials Corp. has a 12-month low of $18.64 and a 12-month high of $100.25.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of MP Materials in a research report on Wednesday, November 19th. They set a "buy" rating and a $77.00 price target on the stock. DA Davidson reaffirmed a "buy" rating and set a $82.00 target price on shares of MP Materials in a research note on Wednesday, February 18th. JPMorgan Chase & Co. raised shares of MP Materials from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $75.00 to $74.00 in a research note on Friday, November 14th. Weiss Ratings restated a "sell (d-)" rating on shares of MP Materials in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of MP Materials from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, MP Materials currently has an average rating of "Buy" and an average target price of $78.91.

Insider Buying and Selling at MP Materials

In other news, CEO James H. Litinsky sold 272,600 shares of MP Materials stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $64.17, for a total transaction of $17,492,742.00. Following the completion of the sale, the chief executive officer directly owned 12,805,965 shares in the company, valued at approximately $821,758,774.05. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ryan Corbett sold 38,146 shares of MP Materials stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $60.00, for a total value of $2,288,760.00. Following the transaction, the chief financial officer directly owned 156,666 shares of the company's stock, valued at approximately $9,399,960. This represents a 19.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 723,146 shares of company stock valued at $45,767,276. Corporate insiders own 9.50% of the company's stock.

About MP Materials

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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