Nisa Investment Advisors LLC Acquires 2,200 Shares of MP Materials Corp. (NYSE:MP)

Nisa Investment Advisors LLC raised its holdings in MP Materials Corp. (NYSE:MP) by 204.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,275 shares of the company’s stock after buying an additional 2,200 shares during the period. Nisa Investment Advisors LLC’s holdings in MP Materials were worth $51,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MP. Victory Capital Management Inc. raised its holdings in MP Materials by 1.2% during the third quarter. Victory Capital Management Inc. now owns 2,359,092 shares of the company’s stock worth $41,638,000 after acquiring an additional 28,697 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of MP Materials by 32.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,245,796 shares of the company’s stock worth $21,988,000 after purchasing an additional 306,933 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of MP Materials by 26.3% during the 2nd quarter. Clearbridge Investments LLC now owns 847,240 shares of the company’s stock worth $10,785,000 after purchasing an additional 176,219 shares in the last quarter. Millennium Management LLC grew its stake in shares of MP Materials by 425.5% in the second quarter. Millennium Management LLC now owns 801,328 shares of the company’s stock valued at $10,201,000 after buying an additional 648,838 shares in the last quarter. Finally, Bernzott Capital Advisors increased its holdings in MP Materials by 43.4% during the third quarter. Bernzott Capital Advisors now owns 689,270 shares of the company’s stock worth $12,166,000 after buying an additional 208,586 shares during the last quarter. 52.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

MP has been the subject of a number of recent analyst reports. Canaccord Genuity Group increased their price target on shares of 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. lifted their price target on 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 upped their price objective on MP Materials from $19.50 to $22.00 and gave the company a “market perform” rating in a research note 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.45.

MP Materials Price Performance

MP Materials stock opened at $21.87 on Friday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of -40.50 and a beta of 2.31. The stock’s 50 day moving average is $19.43 and its 200-day moving average is $16.86. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88. MP Materials Corp. has a 12 month low of $10.02 and a 12 month high of $24.01.

MP Materials (NYSE:MP) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). MP Materials had a negative net margin of 32.24% and a negative return on equity of 6.78%. The firm had revenue of $62.93 million during the quarter, compared to analyst estimates of $45.30 million. During the same period in the prior year, the company earned $0.02 earnings per share. Equities research analysts expect that MP Materials Corp. will post -0.54 EPS for the current year.

Insider Buying and Selling

In other MP Materials news, CEO James H. Litinsky sold 234,667 shares of MP Materials stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $20.68, for a total value of $4,852,913.56. Following the completion of the transaction, the chief executive officer now directly owns 17,608,409 shares of the company’s stock, valued at $364,141,898.12. The trade was a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ryan Corbett sold 35,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $21.50, for a total value of $752,500.00. Following the sale, the chief financial officer now directly owns 260,021 shares in the company, valued at approximately $5,590,451.50. This trade represents a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 884,862 shares of company stock valued at $17,484,482. 12.60% of the stock is owned by company 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.