Susquehanna Fundamental Investments LLC Invests $3.80 Million in MP Materials Corp. (NYSE:MP)

Susquehanna Fundamental Investments LLC acquired a new position in shares of MP Materials Corp. (NYSE:MP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 243,770 shares of the company's stock, valued at approximately $3,803,000. Susquehanna Fundamental Investments LLC owned approximately 0.15% of MP Materials as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC lifted its stake in MP Materials by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company's stock valued at $38,000 after buying an additional 701 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of MP Materials during the fourth quarter valued at approximately $40,000. Geneos Wealth Management Inc. lifted its position in shares of 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 acquiring an additional 1,849 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake 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 period. Finally, GAMMA Investing LLC grew its position in MP Materials by 69.3% during the 4th 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. 52.55% of the stock is currently owned by institutional investors and hedge funds.

MP Materials Stock Down 0.5 %

MP stock traded down $0.12 during mid-day trading on Thursday, hitting $24.34. The stock had a trading volume of 3,318,451 shares, compared to its average volume of 3,613,317. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of -41.25 and a beta of 2.24. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88. MP Materials Corp. has a 1-year low of $10.02 and a 1-year high of $29.72. The company has a fifty day moving average of $24.74 and a 200 day moving average of $21.62.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MP shares. DA Davidson increased their target price on MP Materials from $25.00 to $32.00 and gave the company a "buy" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price objective on MP Materials from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, BMO Capital Markets lifted their target price on MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a research note on Thursday, March 20th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.94.

Insider Activity

In other MP Materials news, CEO James H. Litinsky sold 199,180 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $27.08, for a total transaction of $5,393,794.40. Following the completion of the sale, the chief executive officer now directly owns 13,643,076 shares in the company, valued at $369,454,498.08. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ryan Corbett sold 60,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.51, for a total value of $1,530,600.00. Following the completion of the sale, the chief financial officer now directly owns 230,100 shares in the company, valued at $5,869,851. This trade represents a 20.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,330,015 shares of company stock worth $34,559,781. 12.60% of the stock is owned by corporate insiders.

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.