MP Materials Corp. (NYSE:MP - Get Free Report) CEO James H. Litinsky sold 18,519 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $27.00, for a total transaction of $500,013.00. Following the completion of the sale, the chief executive officer now directly owns 13,842,256 shares in the company, valued at approximately $373,740,912. The trade was a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
MP Materials Price Performance
NYSE MP traded down $2.17 on Monday, hitting $23.81. The company had a trading volume of 1,425,228 shares, compared to its average volume of 3,179,985. The company has a debt-to-equity ratio of 0.88, a current ratio of 6.93 and a quick ratio of 6.13. The company's fifty day moving average price is $23.96 and its 200-day moving average price is $20.22. The company has a market capitalization of $3.89 billion, a PE ratio of -40.19 and a beta of 2.32. MP Materials Corp. has a 12-month low of $10.02 and a 12-month high of $27.29.
MP Materials (NYSE:MP - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $50.71 million. As a group, analysts predict that MP Materials Corp. will post -0.19 earnings per share for the current year.
Institutional Investors Weigh In On MP Materials
Large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of MP Materials by 44.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,537,511 shares of the company's stock worth $101,986,000 after purchasing an additional 2,005,505 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of MP Materials by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 2,432,389 shares of the company's stock worth $37,945,000 after buying an additional 73,297 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of MP Materials by 8.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,207,017 shares of the company's stock valued at $34,433,000 after buying an additional 176,121 shares during the last quarter. Invesco Ltd. lifted its stake in shares of MP Materials by 0.4% in the fourth quarter. Invesco Ltd. now owns 2,118,580 shares of the company's stock worth $33,050,000 after buying an additional 7,453 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of MP Materials by 15.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,079,668 shares of the company's stock valued at $16,843,000 after purchasing an additional 144,661 shares in the last quarter. 52.55% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have commented on MP shares. DA Davidson upped their price objective on MP Materials from $25.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, March 19th. BMO Capital Markets boosted their target price on shares of MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a research note on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $23.61.
View Our Latest Stock Report on MP Materials
MP Materials Company Profile
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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.
Further Reading
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