UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.57 Million Stock Position in MP Materials Corp. (NYSE:MP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in MP Materials Corp. (NYSE:MP - Free Report) by 36.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 292,842 shares of the company's stock after selling 169,549 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of MP Materials worth $4,568,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in MP Materials by 44.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,537,511 shares of the company's stock worth $101,986,000 after acquiring an additional 2,005,505 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of MP Materials in the fourth quarter valued at approximately $14,886,000. Raymond James Financial Inc. acquired a new position in shares of MP Materials in the fourth quarter valued at $6,284,000. HITE Hedge Asset Management LLC acquired a new position in shares of MP Materials in the fourth quarter valued at $6,019,000. Finally, Two Sigma Advisers LP bought a new position in shares of MP Materials during the fourth quarter valued at $5,524,000. 52.55% of the stock is currently owned by institutional investors.

MP Materials Stock Performance

Shares of MP stock traded up $1.28 during trading on Thursday, reaching $25.86. 21,344,376 shares of the company's stock were exchanged, compared to its average volume of 3,991,168. The company has a quick ratio of 6.13, a current ratio of 6.93 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.23 billion, a PE ratio of -43.84 and a beta of 2.14. MP Materials Corp. has a twelve month low of $10.02 and a twelve month high of $29.72. The firm's fifty day moving average price is $23.04 and its 200-day moving average price is $22.08.

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

Insider Buying and Selling at MP Materials

In other MP Materials news, CFO Ryan Corbett sold 15,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $27.00, for a total value of $405,000.00. Following the transaction, the chief financial officer now directly owns 214,812 shares of the company's stock, valued at $5,799,924. This represents a 6.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James H. Litinsky sold 489,918 shares of the company's stock in a transaction 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. This represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 943,792 shares of company stock valued at $25,286,567 in the last ninety days. 9.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on MP shares. DA Davidson lifted their price objective 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 lifted their price objective on MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. cut their price objective on MP Materials from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Finally, Morgan Stanley upgraded MP Materials from an "equal weight" rating to an "overweight" rating and set a $34.00 price objective on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.61.

MP Materials 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.