Yousif Capital Management LLC Has $717,000 Position in MP Materials Corp. (NYSE:MP)

Yousif Capital Management LLC cut its holdings in MP Materials Corp. (NYSE:MP) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,970 shares of the company’s stock after selling 906 shares during the period. Yousif Capital Management LLC’s holdings in MP Materials were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted 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 valued at $43,000 after buying an additional 1,849 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of MP Materials by 204.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company’s stock valued at $51,000 after buying an additional 2,200 shares during the period. GAMMA Investing LLC boosted its position in MP Materials by 69.3% during the fourth 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 period. Signaturefd LLC lifted its position in shares of MP Materials by 817.5% during the third quarter. Signaturefd LLC now owns 3,661 shares of the company’s stock worth $65,000 after acquiring an additional 3,262 shares in the last quarter. Finally, KBC Group NV grew its holdings in MP Materials by 35.7% during the 3rd quarter. KBC Group NV now owns 4,733 shares of the company’s stock valued at $84,000 after buying an additional 1,246 shares in the last quarter. Institutional investors and hedge funds own 52.55% of the company’s stock.

Wall Street Analyst Weigh In

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

MP Materials Stock Down 2.7 %

Shares of MP Materials stock opened at $23.72 on Friday. MP Materials Corp. has a 52-week low of $10.02 and a 52-week high of $26.00. The company has a 50-day simple moving average of $20.07 and a two-hundred day simple moving average of $17.57. The stock has a market capitalization of $3.87 billion, a PE ratio of -43.92 and a beta of 2.34. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93.

Insider Buying and Selling at MP Materials

In other MP Materials news, CFO Ryan Corbett sold 15,195 shares of MP Materials stock in a transaction on Monday, November 18th. The shares were sold at an average price of $18.30, for a total value of $278,068.50. Following the sale, the chief financial officer now directly owns 295,021 shares in the company, valued at approximately $5,398,884.30. The trade was a 4.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James H. Litinsky sold 386,223 shares of the firm’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 transaction, the chief executive officer now directly owns 15,643,076 shares of the company’s stock, valued at approximately $375,590,254.76. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,271,085 shares of company stock worth $26,757,696. Company insiders own 12.60% of the company’s stock.

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.