MP Materials Corp. (NYSE:MP - Get Free Report) CEO James H. Litinsky sold 199,180 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $27.08, for a total transaction of $5,393,794.40. Following the completion of the transaction, the chief executive officer now directly owns 13,643,076 shares of the company's stock, valued at $369,454,498.08. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
MP Materials Stock Up 10.1 %
NYSE:MP opened at $27.60 on Thursday. The company has a market cap of $4.51 billion, a PE ratio of -46.78 and a beta of 2.24. The stock has a 50-day simple moving average of $24.63 and a 200 day simple moving average of $21.07. 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 $29.72.
MP Materials (NYSE:MP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $60.99 million for the quarter, compared to the consensus estimate of $50.71 million. MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. On average, sell-side analysts expect that MP Materials Corp. will post -0.19 EPS for the current fiscal year.
Institutional Investors Weigh In On MP Materials
Several institutional investors and hedge funds have recently added to or reduced their stakes in MP. NBC Securities Inc. increased its position in shares of MP Materials by 119,900.0% in the first quarter. NBC Securities Inc. now owns 1,200 shares of the company's stock valued at $29,000 after acquiring an additional 1,199 shares during the last quarter. Quadrant Capital Group LLC grew its stake in MP Materials by 40.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company's stock valued at $38,000 after purchasing an additional 701 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of MP Materials during the 4th quarter worth approximately $40,000. Geneos Wealth Management Inc. raised its stake in shares of MP Materials by 205.4% during the 4th 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 in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings 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 valued at $51,000 after buying an additional 2,200 shares during the last quarter. 52.55% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. DA Davidson boosted their target price on MP Materials from $25.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets boosted their price objective 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.61.
Get Our Latest Stock Analysis on MP
About MP Materials
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
