Jones Financial Companies Lllp Sells 445 Shares of MP Materials Corp. (NYSE:MP)

Jones Financial Companies Lllp decreased its holdings in shares of MP Materials Corp. (NYSE:MP) by 7.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,191 shares of the company’s stock after selling 445 shares during the period. Jones Financial Companies Lllp’s holdings in MP Materials were worth $81,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in shares of MP Materials by 205.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company’s stock worth $43,000 after acquiring an additional 1,849 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of MP Materials by 204.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company’s stock worth $51,000 after buying an additional 2,200 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of MP Materials by 69.3% in the 4th quarter. GAMMA Investing LLC now owns 3,775 shares of the company’s stock worth $59,000 after buying an additional 1,545 shares during the last quarter. KBC Group NV grew its stake in shares of MP Materials by 35.7% in the 3rd quarter. KBC Group NV now owns 4,733 shares of the company’s stock worth $84,000 after buying an additional 1,246 shares during the last quarter. Finally, Wedmont Private Capital purchased a new stake in shares of MP Materials in the 4th quarter worth approximately $159,000. Institutional investors own 52.55% of the company’s stock.

Insider Activity

In related news, CEO James H. Litinsky sold 386,223 shares of MP Materials stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $24.01, for a total value of $9,273,214.23. Following the completion of the transaction, the chief executive officer now owns 15,643,076 shares in the company, valued at approximately $375,590,254.76. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 12.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BMO Capital Markets upped their price target on MP Materials from $19.50 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Canaccord Genuity Group upped their price target on MP Materials from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.45.

MP Materials Price Performance

NYSE:MP opened at $26.93 on Monday. 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 business’s 50-day simple moving average is $22.71 and its two-hundred day simple moving average is $19.31. The stock has a market cap of $4.40 billion, a PE ratio of -45.65 and a beta of 2.32. MP Materials Corp. has a 52 week low of $10.02 and a 52 week high of $26.95.

MP Materials (NYSE:MP) last issued 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). The firm had revenue of $60.99 million for the quarter, compared to analysts’ expectations of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. As a group, analysts forecast that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

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.