MP Materials Corp. (NYSE:MP) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in MP Materials Corp. (NYSE:MP - Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,953,558 shares of the company's stock after selling 37,037 shares during the period. Geode Capital Management LLC owned 1.20% of MP Materials worth $30,486,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of MP Materials during the fourth quarter worth $40,000. Geneos Wealth Management Inc. increased its stake in MP Materials by 205.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company's stock valued at $43,000 after purchasing an additional 1,849 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in MP Materials by 204.7% during the fourth 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. GAMMA Investing LLC boosted its position in MP Materials by 69.3% during the fourth quarter. GAMMA Investing LLC now owns 3,775 shares of the company's stock worth $59,000 after purchasing an additional 1,545 shares in the last quarter. Finally, IMG Wealth Management Inc. acquired a new stake in MP Materials in the fourth quarter valued at $66,000. 52.55% of the stock is owned by institutional investors and hedge funds.

MP Materials Trading Down 1.4 %

Shares of NYSE MP traded down $0.33 during midday trading on Tuesday, reaching $22.86. 11,091,744 shares of the stock were exchanged, compared to its average volume of 3,511,254. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $3.74 billion, a P/E ratio of -38.75 and a beta of 2.24. The stock has a 50 day moving average price of $24.62 and a 200-day moving average price of $21.30. MP Materials Corp. has a 52-week low of $10.02 and a 52-week high of $29.72.

MP Materials (NYSE:MP - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. The firm had revenue of $60.99 million during the quarter, compared to analysts' expectations of $50.71 million. Equities research analysts expect that MP Materials Corp. will post -0.19 earnings per share for the current fiscal year.

Insider Buying and Selling at MP Materials

In other news, CFO Ryan Corbett sold 60,000 shares of MP Materials stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.51, for a total value of $1,530,600.00. Following the transaction, the chief financial officer now directly owns 230,100 shares of the company's stock, valued at $5,869,851. The trade was a 20.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James H. Litinsky sold 386,223 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $24.01, for a total transaction of $9,273,214.23. Following the sale, the chief executive officer now owns 15,643,076 shares of the company's stock, valued at approximately $375,590,254.76. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,330,015 shares of company stock worth $34,559,781 in the last 90 days. 12.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MP has been the subject of several research reports. DA Davidson lifted their price target on MP Materials from $25.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets upped their price target on shares of MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a report on Thursday, March 20th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, MP Materials presently has an average rating of "Moderate Buy" and a consensus target price of $23.61.

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.