Strengthening Families & Communities LLC Sells 66,849 Shares of MP Materials Corp. (NYSE:MP)

Strengthening Families & Communities LLC decreased its holdings in MP Materials Corp. (NYSE:MP - Free Report) by 96.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,328 shares of the company's stock after selling 66,849 shares during the period. Strengthening Families & Communities LLC's holdings in MP Materials were worth $36,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in MP Materials by 136.0% in the third quarter. GAMMA Investing LLC now owns 2,230 shares of the company's stock worth $39,000 after buying an additional 1,285 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of MP Materials by 205.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company's stock worth $43,000 after purchasing an additional 1,849 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of MP Materials by 204.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company's stock valued at $51,000 after purchasing an additional 2,200 shares in the last quarter. Signaturefd LLC lifted its stake in shares of MP Materials by 817.5% in the 3rd quarter. Signaturefd LLC now owns 3,661 shares of the company's stock valued at $65,000 after purchasing an additional 3,262 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of MP Materials by 35.7% in the 3rd quarter. KBC Group NV now owns 4,733 shares of the company's stock valued at $84,000 after purchasing an additional 1,246 shares during the last quarter. 52.55% of the stock is currently owned by institutional investors and hedge funds.

MP Materials Trading Down 3.3 %

NYSE MP traded down $0.85 during trading hours on Tuesday, hitting $24.67. The company's stock had a trading volume of 3,214,488 shares, compared to its average volume of 3,508,699. MP Materials Corp. has a twelve month low of $10.02 and a twelve month high of $26.00. The firm has a market capitalization of $4.03 billion, a P/E ratio of -45.68 and a beta of 2.34. The company has a quick ratio of 6.13, a current ratio of 6.93 and a debt-to-equity ratio of 0.88. The stock has a fifty day moving average of $19.81 and a 200 day moving average of $17.30.

Insider Transactions at MP Materials

In other MP Materials news, CFO Ryan Corbett sold 35,000 shares of MP Materials stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $21.50, for a total value of $752,500.00. Following the transaction, the chief financial officer now owns 260,021 shares of the company's stock, valued at approximately $5,590,451.50. The trade was a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 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 represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,271,085 shares of company stock worth $26,757,696. 12.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted 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. Canaccord Genuity Group raised their target price on MP Materials from $23.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, BMO Capital Markets upped their price target 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $22.45.

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.