Blair William & Co. IL Has $213,000 Stock Holdings in MP Materials Corp. (NYSE:MP)

Blair William & Co. IL cut its stake in shares of MP Materials Corp. (NYSE:MP) by 54.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,632 shares of the company’s stock after selling 16,050 shares during the quarter. Blair William & Co. IL’s holdings in MP Materials were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in MP Materials during the 4th quarter worth approximately $40,000. Geneos Wealth Management Inc. grew its stake in shares of MP Materials by 205.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company’s stock worth $43,000 after purchasing an additional 1,849 shares during the last quarter. Nisa Investment Advisors LLC raised its position in MP Materials by 204.7% during 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 last quarter. GAMMA Investing LLC raised 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 during the last quarter. Finally, IMG Wealth Management Inc. acquired a new position in MP Materials during the 4th quarter worth about $66,000. Institutional investors own 52.55% of the company’s stock.

Insider Activity

In other MP Materials news, CEO James H. Litinsky sold 386,223 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $24.01, for a total transaction of $9,273,214.23. Following the completion of the sale, the chief executive officer now owns 15,643,076 shares in the company, valued at approximately $375,590,254.76. The trade was a 2.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ryan Corbett sold 60,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.51, for a total transaction of $1,530,600.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,130,835 shares of company stock worth $29,165,987 in the last three months. Company insiders own 12.60% of the company’s stock.

MP Materials Price Performance

MP Materials stock opened at $23.00 on Friday. The stock’s 50 day moving average price is $24.30 and its two-hundred day moving average price is $20.55. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of -38.98 and a beta of 2.24. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93. MP Materials Corp. has a 52-week low of $10.02 and a 52-week high of $27.29.

MP Materials (NYSE:MP) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $60.99 million during the quarter, compared to analyst estimates of $50.71 million. On average, equities analysts predict that MP Materials Corp. will post -0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MP shares. DA Davidson raised their price objective on MP Materials from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. BMO Capital Markets increased their target price on shares of MP Materials from $22.00 to $29.00 and gave the company a “market perform” rating in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.61.

About MP Materials

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.