Swiss National Bank Acquires 45,700 Shares of MP Materials Corp. (NYSE:MP)

Swiss National Bank boosted its holdings in MP Materials Corp. (NYSE:MP - Free Report) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 280,000 shares of the company's stock after acquiring an additional 45,700 shares during the quarter. Swiss National Bank owned about 0.16% of MP Materials worth $5,558,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of MP Materials in the fourth quarter valued at $26,000. CWM LLC increased its position in shares of MP Materials by 85.0% in the fourth quarter. CWM LLC now owns 1,667 shares of the company's stock valued at $33,000 after buying an additional 766 shares in the last quarter. Fifth Third Bancorp increased its position in shares of MP Materials by 120.6% in the third quarter. Fifth Third Bancorp now owns 2,074 shares of the company's stock valued at $40,000 after buying an additional 1,134 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of MP Materials by 2,335.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,070 shares of the company's stock valued at $41,000 after buying an additional 1,985 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its position in shares of MP Materials by 103.6% in the third quarter. ANTIPODES PARTNERS Ltd now owns 3,645 shares of the company's stock valued at $70,000 after buying an additional 1,855 shares in the last quarter. Hedge funds and other institutional investors own 52.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MP shares. Jefferies Financial Group dropped their price objective on MP Materials from $36.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, March 19th. JPMorgan Chase & Co. lowered MP Materials from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $20.00 to $16.00 in a research note on Tuesday, April 23rd. Morgan Stanley lowered MP Materials from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $26.00 to $15.50 in a research note on Wednesday, March 13th. Canaccord Genuity Group decreased their price target on MP Materials from $23.00 to $22.00 and set a "buy" rating on the stock in a research note on Wednesday, March 13th. Finally, Benchmark reissued a "buy" rating and issued a $30.00 price target on shares of MP Materials in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $23.64.

Insider Buying and Selling

In other news, Director Andrew A. Mcknight sold 317,750 shares of MP Materials stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $18.07, for a total value of $5,741,742.50. Following the completion of the transaction, the director now directly owns 86,000 shares of the company's stock, valued at approximately $1,554,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 33.87% of the stock is currently owned by company insiders.

MP Materials Stock Up 0.9 %

Shares of MP traded up $0.17 during trading on Friday, reaching $18.25. The company's stock had a trading volume of 3,116,945 shares, compared to its average volume of 3,201,307. The company has a market cap of $3.02 billion, a price-to-earnings ratio of -121.66 and a beta of 2.31. The company has a quick ratio of 9.28, a current ratio of 10.29 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average of $15.61 and a two-hundred day moving average of $16.32. MP Materials Corp. has a twelve month low of $12.68 and a twelve month high of $26.53.

MP Materials (NYSE:MP - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $41.21 million during the quarter, compared to the consensus estimate of $47.40 million. MP Materials had a net margin of 1.62% and a negative return on equity of 0.61%. On average, sell-side analysts predict that MP Materials Corp. will post -0.17 EPS for the current fiscal year.

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.