North Point Portfolio Managers Corp OH Has $2.46 Million Holdings in MP Materials Corp. (NYSE:MP)

North Point Portfolio Managers Corp OH lessened its stake in MP Materials Corp. (NYSE:MP - Free Report) by 34.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,635 shares of the company's stock after selling 82,203 shares during the period. North Point Portfolio Managers Corp OH owned 0.10% of MP Materials worth $2,459,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, CEO James H. Litinsky sold 300,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $20.22, for a total value of $6,066,000.00. Following the sale, the chief executive officer now directly owns 18,043,076 shares in the company, valued at $364,830,996.72. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ryan Corbett sold 15,195 shares of MP Materials stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $18.30, for a total transaction of $278,068.50. Following the completion of the sale, the chief financial officer now owns 295,021 shares in the company, valued at $5,398,884.30. This trade represents a 4.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 884,862 shares of company stock valued at $17,484,482. 12.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Canaccord Genuity Group raised their target price on shares of MP Materials from $23.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. BMO Capital Markets raised their target price on shares of MP Materials from $19.50 to $22.00 and gave the stock a "market perform" rating in a report on Monday. JPMorgan Chase & Co. increased their target price 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. Finally, DA Davidson boosted their target price on shares of MP Materials from $20.00 to $23.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $22.45.

MP Materials Stock Performance

Shares of NYSE:MP traded down $0.08 during trading on Monday, hitting $21.49. 1,718,273 shares of the stock were exchanged, compared to its average volume of 3,080,172. 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's fifty day simple moving average is $19.16 and its 200-day simple moving average is $16.67. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of -39.80 and a beta of 2.31. MP Materials Corp. has a 1-year low of $10.02 and a 1-year high of $24.01.

MP Materials (NYSE:MP - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). MP Materials had a negative return on equity of 6.78% and a negative net margin of 32.24%. The business had revenue of $62.93 million for the quarter, compared to the consensus estimate of $45.30 million. During the same quarter in the previous year, the company posted $0.02 EPS. Sell-side analysts expect that MP Materials Corp. will post -0.54 EPS for the current fiscal 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.