Two Sigma Advisers LP Purchases Shares of 354,100 MP Materials Corp. (NYSE:MP)

Two Sigma Advisers LP purchased a new stake in shares of MP Materials Corp. (NYSE:MP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 354,100 shares of the company's stock, valued at approximately $5,524,000. Two Sigma Advisers LP owned about 0.22% of MP Materials at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in MP Materials by 40.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company's stock worth $38,000 after purchasing an additional 701 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in MP Materials in the 4th quarter worth approximately $40,000. Geneos Wealth Management Inc. lifted its holdings in MP Materials by 205.4% in the 4th 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 last quarter. Nisa Investment Advisors LLC lifted its holdings in MP Materials by 204.7% in the 4th 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 last quarter. Finally, IMG Wealth Management Inc. acquired a new stake in MP Materials in the 4th quarter worth approximately $66,000. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other MP Materials news, CEO James H. Litinsky sold 489,918 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 15,153,158 shares in the company, valued at $405,650,039.66. This represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ryan Corbett sold 15,000 shares of the company's stock in a transaction on 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 sale, the chief financial officer now owns 214,812 shares in the company, valued at $5,799,924. This trade represents a 6.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 943,792 shares of company stock worth $25,286,567. Company insiders own 9.50% of the company's stock.

Analysts Set New Price Targets

MP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on MP Materials from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, May 12th. 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. Finally, DA Davidson upped their price target on MP Materials from $25.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, MP Materials currently has an average rating of "Moderate Buy" and an average target price of $23.61.

MP Materials Stock Performance

Shares of MP traded up $1.32 on Friday, reaching $21.09. 3,245,496 shares of the stock traded hands, compared to its average volume of 3,772,948. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of -35.81 and a beta of 2.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 6.93 and a quick ratio of 6.13. MP Materials Corp. has a 12 month low of $10.02 and a 12 month high of $29.72. The stock's 50-day moving average price is $23.36 and its 200-day moving average price is $21.99.

MP Materials (NYSE:MP - Get Free Report) last released 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 firm had revenue of $60.81 million for the quarter, compared to the consensus estimate of $64.74 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. The business's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. Equities analysts forecast 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.