MP Materials Corp. (NYSE:MP) Shares Purchased by Swiss National Bank

Swiss National Bank raised its holdings in MP Materials Corp. (NYSE:MP) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,900 shares of the company’s stock after buying an additional 1,700 shares during the period. Swiss National Bank owned about 0.15% of MP Materials worth $3,805,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of MP Materials during the 4th quarter worth about $6,284,000. Proficio Capital Partners LLC purchased a new position in MP Materials in the fourth quarter valued at approximately $399,000. Oak Family Advisors LLC acquired a new stake in MP Materials during the fourth quarter worth approximately $530,000. SG Americas Securities LLC lifted its position in shares of MP Materials by 167.3% during the 4th quarter. SG Americas Securities LLC now owns 35,902 shares of the company’s stock worth $560,000 after buying an additional 22,473 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of MP Materials in the 3rd quarter valued at $2,300,000. 52.55% of the stock is owned by hedge funds and other institutional investors.

MP Materials Stock Performance

Shares of MP stock opened at $26.95 on Wednesday. The stock’s 50-day moving average price is $23.66 and its 200 day moving average price is $19.96. The company has a quick ratio of 6.13, a current ratio of 6.93 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.40 billion, a PE ratio of -45.68 and a beta of 2.32. MP Materials Corp. has a 52-week low of $10.02 and a 52-week high of $27.29.

MP Materials (NYSE:MP) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.14) earnings per share 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 business had revenue of $60.99 million for the quarter, compared to analyst estimates of $50.71 million. As a group, equities research analysts forecast that MP Materials Corp. will post -0.19 EPS for the current year.

Insider Activity

In other MP Materials news, CEO James H. Litinsky sold 489,918 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.77, for a total transaction of $13,115,104.86. Following the transaction, the chief executive officer now owns 15,153,158 shares of the company’s stock, valued at $405,650,039.66. This trade represents a 3.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ryan Corbett sold 15,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.00, for a total transaction of $405,000.00. Following the sale, the chief financial officer now directly owns 214,812 shares of the company’s stock, valued at $5,799,924. This represents a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,112,316 shares of company stock worth $28,665,974 over the last three months. 12.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. DA Davidson boosted their price target on shares of MP Materials from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, March 19th. Canaccord Genuity Group boosted their target price on MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, BMO Capital Markets upped their target price on 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 equities 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, MP Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.61.

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.