MP Materials Corp. (NYSE:MP) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in MP Materials Corp. (NYSE:MP) by 3,618.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,358 shares of the company’s stock after buying an additional 136,583 shares during the period. GAMMA Investing LLC’s holdings in MP Materials were worth $3,426,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MP. Quadrant Capital Group LLC boosted its position in shares of MP Materials by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company’s stock worth $38,000 after buying an additional 701 shares during the period. SBI Securities Co. Ltd. bought a new stake in MP Materials during the 4th quarter valued at $40,000. IMG Wealth Management Inc. acquired a new position in MP Materials during the 4th quarter worth $66,000. Resona Asset Management Co. Ltd. bought a new position in shares of MP Materials in the fourth quarter worth $86,000. Finally, Sterling Capital Management LLC increased its holdings in shares of MP Materials by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 7,852 shares of the company’s stock valued at $122,000 after purchasing an additional 2,858 shares during the period. 52.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MP Materials

In other MP Materials news, CEO James H. Litinsky sold 489,918 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.77, for a total transaction of $13,115,104.86. Following the sale, the chief executive officer now owns 15,153,158 shares in the company, valued at approximately $405,650,039.66. The trade was a 3.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ryan Corbett sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.00, for a total transaction of $405,000.00. Following the completion of the transaction, the chief financial officer now owns 214,812 shares of the company’s stock, valued at approximately $5,799,924. The trade was a 6.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 943,792 shares of company stock valued at $25,286,567 in the last three months. 9.50% of the stock is currently owned by corporate insiders.

MP Materials Stock Performance

Shares of MP opened at $25.64 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 6.93 and a quick ratio of 6.13. The firm’s 50 day moving average is $23.23 and its 200-day moving average is $22.35. MP Materials Corp. has a 12-month low of $10.02 and a 12-month high of $29.72. The stock has a market capitalization of $4.19 billion, a P/E ratio of -43.46 and a beta of 2.14.

MP Materials (NYSE:MP) last issued 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). The business had revenue of $60.81 million for the quarter, compared to the consensus estimate of $64.74 million. MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Equities research analysts anticipate that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MP shares. Morgan Stanley raised shares of MP Materials from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $23.00 to $34.00 in a report on Thursday, June 5th. BMO Capital Markets boosted their price target on shares of MP Materials from $22.00 to $29.00 and gave the stock a “market perform” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. decreased their price objective on shares of MP Materials from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, May 12th. Finally, DA Davidson boosted their target price on MP Materials from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.