15,470 Shares in MP Materials Corp. (NYSE:MP) Acquired by Sciencast Management LP

Sciencast Management LP bought a new position in shares of MP Materials Corp. (NYSE:MP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,470 shares of the company's stock, valued at approximately $241,000.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of MP Materials by 3.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,432,389 shares of the company's stock valued at $37,945,000 after purchasing an additional 73,297 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in MP Materials by 15.5% in 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 buying an additional 144,661 shares during the last quarter. Principal Financial Group Inc. increased its stake in MP Materials by 48.7% in the 4th quarter. Principal Financial Group Inc. now owns 899,698 shares of the company's stock valued at $14,035,000 after buying an additional 294,806 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in MP Materials by 13.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 505,532 shares of the company's stock worth $8,923,000 after buying an additional 59,469 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in MP Materials by 4.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,391 shares of the company's stock worth $8,161,000 after buying an additional 19,077 shares during the last quarter. 52.55% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at MP Materials

In other MP Materials news, CFO Ryan Corbett sold 15,000 shares of MP Materials stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $27.00, for a total value of $405,000.00. Following the completion of the sale, the chief financial officer now directly owns 214,812 shares of the company's stock, valued at approximately $5,799,924. The trade was a 6.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $9,273,214.23. Following the transaction, the chief executive officer now directly owns 15,643,076 shares in the company, valued at approximately $375,590,254.76. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,112,316 shares of company stock worth $28,665,974. 12.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MP. DA Davidson increased their price target on shares of MP Materials from $25.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. BMO Capital Markets raised their price target on MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a report on Thursday, March 20th. Finally, Canaccord Genuity Group upped their price objective on MP Materials from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.61.

MP Materials Price Performance

Shares of NYSE:MP traded up $0.15 during midday trading on Thursday, hitting $26.21. 2,147,223 shares of the stock were exchanged, compared to its average volume of 3,095,610. MP Materials Corp. has a twelve month low of $10.02 and a twelve month high of $27.29. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average price of $23.76 and a 200-day moving average price of $20.00. The stock has a market cap of $4.28 billion, a P/E ratio of -44.42 and a beta of 2.32.

MP Materials (NYSE:MP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. The business had revenue of $60.99 million during the quarter, compared to analyst estimates of $50.71 million. On average, research analysts forecast that MP Materials Corp. will post -0.19 earnings per share for the current year.

MP Materials 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.