Guidance Capital Inc. Invests $344,000 in MP Materials Corp. (NYSE:MP)

Guidance Capital Inc. purchased a new position in shares of MP Materials Corp. (NYSE:MP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,042 shares of the company's stock, valued at approximately $344,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in MP Materials by 136.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,230 shares of the company's stock valued at $39,000 after buying an additional 1,285 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of MP Materials by 205.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company's stock valued at $43,000 after acquiring an additional 1,849 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of MP Materials by 204.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company's stock valued at $51,000 after purchasing an additional 2,200 shares during the period. Signaturefd LLC grew its stake in MP Materials by 817.5% in the third quarter. Signaturefd LLC now owns 3,661 shares of the company's stock worth $65,000 after purchasing an additional 3,262 shares in the last quarter. Finally, KBC Group NV increased its holdings in MP Materials by 35.7% during the 3rd quarter. KBC Group NV now owns 4,733 shares of the company's stock worth $84,000 after purchasing an additional 1,246 shares during the period. Hedge funds and other institutional investors own 52.55% of the company's stock.

Insider Transactions at MP Materials

In other MP Materials news, CEO James H. Litinsky sold 300,000 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $20.22, for a total value of $6,066,000.00. Following the completion of the transaction, the chief executive officer now owns 18,043,076 shares of the company's stock, valued at approximately $364,830,996.72. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ryan Corbett sold 15,195 shares of MP Materials stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $18.30, for a total value of $278,068.50. Following the sale, the chief financial officer now directly owns 295,021 shares of the company's stock, valued at approximately $5,398,884.30. This represents a 4.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,271,085 shares of company stock valued at $26,757,696. Corporate insiders own 12.60% of the company's stock.

MP Materials Trading Down 0.9 %

Shares of MP stock traded down $0.21 during mid-day trading on Friday, hitting $23.90. 3,881,800 shares of the stock traded hands, compared to its average volume of 2,852,481. MP Materials Corp. has a 52-week low of $10.02 and a 52-week high of $24.80. 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 stock's fifty day moving average is $19.72 and its two-hundred day moving average is $17.19.

MP Materials (NYSE:MP - Get Free Report) last posted its earnings results 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 for the quarter, compared to analysts' expectations of $45.30 million. During the same period in the previous year, the company earned $0.02 EPS. On average, sell-side analysts anticipate that MP Materials Corp. will post -0.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MP shares. JPMorgan Chase & Co. upped their target price on MP Materials from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. Canaccord Genuity Group lifted their price objective on MP Materials from $23.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, BMO Capital Markets raised their target price on shares of MP Materials from $19.50 to $22.00 and gave the company a "market perform" rating in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, MP Materials currently has an average rating of "Moderate Buy" and a consensus target price of $22.45.

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.