16,850 Shares in MP Materials Corp. (NYSE:MP) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in MP Materials Corp. (NYSE:MP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,850 shares of the company's stock, valued at approximately $263,000.

Several other large investors also recently added to or reduced their stakes in MP. KLP Kapitalforvaltning AS purchased a new stake in shares of MP Materials in the 4th quarter valued at about $388,000. Sei Investments Co. purchased a new stake in MP Materials in the fourth quarter valued at approximately $156,000. Virtu Financial LLC bought a new stake in MP Materials during the fourth quarter valued at approximately $1,234,000. Sciencast Management LP purchased a new position in MP Materials in the 4th quarter worth approximately $241,000. Finally, MRP Capital Investments LLC increased its holdings in shares of MP Materials by 11.9% in the 4th quarter. MRP Capital Investments LLC now owns 26,825 shares of the company's stock worth $418,000 after buying an additional 2,850 shares during the last quarter. Institutional investors own 52.55% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MP. DA Davidson lifted their price objective on shares of MP Materials from $25.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. BMO Capital Markets lifted their price target on MP Materials from $22.00 to $29.00 and gave the stock a "market perform" rating in a research note on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $23.61.

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Insider Buying and Selling

In other news, CFO Ryan Corbett sold 60,000 shares of MP Materials stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.51, for a total value of $1,530,600.00. Following the sale, the chief financial officer now directly owns 230,100 shares in the company, valued at approximately $5,869,851. This trade represents a 20.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James H. Litinsky sold 386,223 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $24.01, for a total value of $9,273,214.23. Following the transaction, the chief executive officer now directly owns 15,643,076 shares in the company, valued at $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. Insiders have sold a total of 1,130,835 shares of company stock valued at $29,165,987 over the last three months. 12.60% of the stock is owned by company insiders.

MP Materials Trading Up 3.1 %

Shares of NYSE:MP traded up $0.75 on Tuesday, reaching $25.16. 2,764,519 shares of the company traded hands, compared to its average volume of 3,181,845. The stock has a market capitalization of $4.11 billion, a P/E ratio of -42.64 and a beta of 2.32. The business's 50-day simple moving average is $24.12 and its 200 day simple moving average is $20.38. 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 52 week low of $10.02 and a 52 week high of $27.29.

MP Materials (NYSE:MP - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $60.99 million for the quarter, compared to the consensus estimate of $50.71 million. As a group, equities analysts anticipate that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

About MP Materials

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.