Nordwand Advisors LLC Reduces Holdings in MP Materials Corp. (NYSE:MP)

Nordwand Advisors LLC lowered its holdings in MP Materials Corp. (NYSE:MP - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,140 shares of the company's stock after selling 22,000 shares during the period. MP Materials makes up 0.3% of Nordwand Advisors LLC's investment portfolio, making the stock its 13th largest position. Nordwand Advisors LLC's holdings in MP Materials were worth $798,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in MP Materials during the fourth quarter valued at about $6,284,000. Segall Bryant & Hamill LLC raised its stake in shares of MP Materials by 32.7% during the third quarter. Segall Bryant & Hamill LLC now owns 1,245,796 shares of the company's stock worth $21,988,000 after acquiring an additional 306,933 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of MP Materials by 48.7% in the 4th quarter. Principal Financial Group Inc. now owns 899,698 shares of the company's stock worth $14,035,000 after acquiring an additional 294,806 shares during the last quarter. Public Sector Pension Investment Board purchased a new stake in shares of MP Materials in the 3rd quarter valued at $4,584,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of MP Materials by 15.5% during the 4th 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 during the last quarter. Institutional investors own 52.55% of the company's stock.

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Insider Activity at MP Materials

In related news, CEO James H. Litinsky sold 386,223 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $24.01, for a total transaction of $9,273,214.23. Following the sale, the chief executive officer now directly owns 15,643,076 shares of the company's stock, valued at $375,590,254.76. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 12.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MP has been the subject of several analyst reports. Canaccord Genuity Group increased their price target on shares of MP Materials from $23.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. BMO Capital Markets increased their price objective on MP Materials from $19.50 to $22.00 and gave the stock a "market perform" rating in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, MP Materials has an average rating of "Moderate Buy" and a consensus price target of $22.45.

MP Materials Stock Down 1.7 %

NYSE:MP traded down $0.43 during trading hours on Tuesday, reaching $24.00. 3,232,489 shares of the company traded hands, compared to its average volume of 3,140,449. MP Materials Corp. has a 1 year low of $10.02 and a 1 year high of $26.00. The stock has a market capitalization of $3.92 billion, a P/E ratio of -40.67 and a beta of 2.32. The business's 50-day moving average price is $22.03 and its two-hundred day moving average price is $18.97. 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 (NYSE:MP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $60.99 million for the quarter, compared to analysts' expectations of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. Analysts predict that MP Materials Corp. will post -0.19 earnings per share for the current year.

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.