Strengthening Families & Communities LLC Sells 66,849 Shares of MP Materials Corp. (NYSE:MP)

Strengthening Families & Communities LLC decreased its position in shares of MP Materials Corp. (NYSE:MP) by 96.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,328 shares of the company’s stock after selling 66,849 shares during the quarter. Strengthening Families & Communities LLC’s holdings in MP Materials were worth $36,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of MP Materials by 136.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,230 shares of the company’s stock worth $39,000 after buying an additional 1,285 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in MP Materials by 205.4% during the fourth 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 boosted its position in MP Materials by 204.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company’s stock valued at $51,000 after purchasing an additional 2,200 shares in the last quarter. Signaturefd LLC boosted its position in MP Materials by 817.5% during the third quarter. Signaturefd LLC now owns 3,661 shares of the company’s stock valued at $65,000 after purchasing an additional 3,262 shares in the last quarter. Finally, KBC Group NV boosted its position in MP Materials by 35.7% during the third quarter. KBC Group NV now owns 4,733 shares of the company’s stock valued at $84,000 after purchasing an additional 1,246 shares in the last quarter. Institutional investors own 52.55% of the company’s stock.

MP Materials Stock Performance

Shares of NYSE MP opened at $25.60 on Tuesday. MP Materials Corp. has a fifty-two week low of $10.02 and a fifty-two week high of $26.00. 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 business has a 50-day simple moving average of $19.81 and a two-hundred day simple moving average of $17.30.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group raised their price objective on MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. BMO Capital Markets raised their price objective on MP Materials from $19.50 to $22.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. raised their price objective on MP Materials from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.45.

Insider Transactions at MP Materials

In other news, CFO Ryan Corbett sold 35,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $21.50, for a total value of $752,500.00. Following the completion of the transaction, the chief financial officer now directly owns 260,021 shares in the company, valued at $5,590,451.50. This trade represents a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James H. Litinsky sold 300,000 shares of MP Materials stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $18.45, for a total value of $5,535,000.00. Following the transaction, the chief executive officer now owns 18,221,776 shares of the company’s stock, valued at approximately $336,191,767.20. This represents a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,271,085 shares of company stock worth $26,757,696 over the last three months. 12.60% of the stock is currently owned by 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.