Bernzott Capital Advisors Sells 262,481 Shares of MP Materials Corp. (NYSE:MP)

Bernzott Capital Advisors reduced its stake in MP Materials Corp. (NYSE:MP - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 426,789 shares of the company's stock after selling 262,481 shares during the quarter. MP Materials comprises 3.3% of Bernzott Capital Advisors' holdings, making the stock its 11th largest position. Bernzott Capital Advisors owned 0.26% of MP Materials worth $6,658,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Segall Bryant & Hamill LLC lifted its position 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 valued at $21,988,000 after acquiring an additional 306,933 shares during the period. Quest Partners LLC increased its stake in MP Materials by 806.0% in the third quarter. Quest Partners LLC now owns 42,944 shares of the company's stock valued at $758,000 after acquiring an additional 38,204 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of MP Materials in the third quarter worth about $2,300,000. Principal Financial Group Inc. boosted its holdings in shares of MP Materials by 35.7% during the 3rd quarter. Principal Financial Group Inc. now owns 604,892 shares of the company's stock valued at $10,676,000 after acquiring an additional 159,200 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of MP Materials during the second quarter valued at about $959,000. Institutional investors own 52.55% of the company's stock.

Insider Buying and Selling at MP Materials

In other news, CEO James H. Litinsky sold 300,000 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $18.45, for a total transaction of $5,535,000.00. Following the completion of the transaction, the chief executive officer now directly owns 18,221,776 shares in the company, valued at $336,191,767.20. The trade was a 1.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ryan Corbett sold 35,000 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $21.50, for a total transaction of $752,500.00. Following the completion of the transaction, the chief financial officer now directly owns 260,021 shares of the company's stock, valued at approximately $5,590,451.50. This represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 884,862 shares of company stock worth $17,484,482 in the last quarter. 12.60% of the stock is currently owned by company insiders.

MP Materials Stock Performance

Shares of MP Materials stock traded down $0.21 during mid-day trading on Friday, hitting $20.96. 1,975,219 shares of the stock were exchanged, compared to its average volume of 3,375,974. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93. The company has a market capitalization of $3.42 billion, a P/E ratio of -38.81 and a beta of 2.31. The company has a 50-day simple moving average of $18.93 and a 200 day simple moving average of $16.33. MP Materials Corp. has a 12 month low of $10.02 and a 12 month high of $24.01.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MP shares. Canaccord Genuity Group increased their price target on 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. boosted their price target on shares of MP Materials from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Robert W. Baird upped their price objective on shares of MP Materials from $20.00 to $25.00 and gave the company an "outperform" rating in a research note on Friday, September 27th. BMO Capital Markets lifted their target price on shares of MP Materials from $16.00 to $18.50 and gave the stock a "market perform" rating in a research note on Friday, October 25th. Finally, Morgan Stanley upped their price target on shares of MP Materials from $13.50 to $16.00 and gave the company an "equal weight" rating in a research report on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $22.10.

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.