Skylands Capital LLC Sells 22,000 Shares of MP Materials Corp. (NYSE:MP)

Skylands Capital LLC trimmed its position in shares of MP Materials Corp. (NYSE:MP - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,000 shares of the company's stock after selling 22,000 shares during the period. Skylands Capital LLC owned about 0.13% of MP Materials worth $3,260,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in MP Materials by 1.2% in the third quarter. Victory Capital Management Inc. now owns 2,359,092 shares of the company's stock worth $41,638,000 after purchasing an additional 28,697 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in MP Materials by 32.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,245,796 shares of the company's stock valued at $21,988,000 after acquiring an additional 306,933 shares during the period. Principal Financial Group Inc. grew its position in MP Materials by 48.7% during 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. Bernzott Capital Advisors increased its stake in MP Materials by 43.4% in the 3rd quarter. Bernzott Capital Advisors now owns 689,270 shares of the company's stock worth $12,166,000 after purchasing an additional 208,586 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in MP Materials by 13.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 505,532 shares of the company's stock valued at $8,923,000 after purchasing an additional 59,469 shares during the last quarter. 52.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MP. BMO Capital Markets lifted their target price on shares of MP Materials from $19.50 to $22.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Canaccord Genuity Group upped their price objective 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.45.

MP Materials Trading Down 1.4 %

Shares of NYSE MP traded down $0.34 during midday trading on Thursday, hitting $23.44. 2,033,732 shares of the company traded hands, compared to its average volume of 3,267,440. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93. MP Materials Corp. has a 12-month low of $10.02 and a 12-month high of $26.00. The stock has a 50-day moving average price of $20.81 and a 200 day moving average price of $18.26. The firm has a market cap of $3.82 billion, a P/E ratio of -39.72 and a beta of 2.34.

MP Materials (NYSE:MP - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $60.99 million during the quarter, compared to the consensus estimate of $50.71 million. As a group, analysts expect that MP Materials Corp. will post -0.19 earnings per share for the current year.

Insider Buying and Selling at MP Materials

In related news, CFO Ryan Corbett sold 35,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $21.50, for a total transaction of $752,500.00. Following the sale, the chief financial officer now directly owns 260,021 shares of the company's stock, valued at approximately $5,590,451.50. This represents a 11.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James H. Litinsky sold 234,667 shares of MP Materials stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $20.68, for a total transaction of $4,852,913.56. Following the completion of the transaction, the chief executive officer now directly owns 17,608,409 shares of the company's stock, valued at $364,141,898.12. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 655,890 shares of company stock valued at $14,878,628. 12.60% of the stock is currently owned by company insiders.

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.