Tandem Financial LLC Makes New Investment in MP Materials Corp. (NYSE:MP)

Tandem Financial LLC purchased a new stake in shares of MP Materials Corp. (NYSE:MP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,774 shares of the company's stock, valued at approximately $698,000. MP Materials accounts for 0.7% of Tandem Financial LLC's holdings, making the stock its 28th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in MP Materials by 136.0% during the 3rd 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 last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of MP Materials by 205.4% during the fourth 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 period. Nisa Investment Advisors LLC boosted its holdings in shares of MP Materials by 204.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company's stock worth $51,000 after purchasing an additional 2,200 shares during the period. Signaturefd LLC increased its holdings in MP Materials by 817.5% during 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 period. Finally, KBC Group NV increased its holdings in MP Materials by 35.7% during 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 period. 52.55% of the stock is owned by institutional investors.

MP Materials Stock Down 0.9 %

MP traded down $0.21 during midday trading on Friday, reaching $23.90. The company's stock had a trading volume of 3,881,800 shares, compared to its average volume of 2,852,481. The stock's 50-day moving average is $19.72 and its 200-day moving average is $17.21. MP Materials Corp. has a 1 year low of $10.02 and a 1 year high of $24.80. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -44.27 and a beta of 2.34. 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 posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The company had revenue of $62.93 million during the quarter, compared to analysts' expectations of $45.30 million. MP Materials had a negative return on equity of 6.78% and a negative net margin of 32.24%. During the same quarter in the previous year, the company earned $0.02 EPS. As a group, research analysts expect that MP Materials Corp. will post -0.54 EPS for the current year.

Insider Activity

In other news, CFO Ryan Corbett sold 15,195 shares of the 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 sale, the chief financial officer now owns 295,021 shares in the company, valued at $5,398,884.30. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James H. Litinsky sold 234,667 shares of the business's stock in a transaction that occurred on 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 owns 17,608,409 shares of the company's stock, valued at approximately $364,141,898.12. The trade was a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,271,085 shares of company stock worth $26,757,696 over the last three months. 12.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MP has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on MP Materials from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. BMO Capital Markets upped their price objective on shares of MP Materials from $19.50 to $22.00 and gave the stock a "market perform" rating in a report on Monday, January 27th. Finally, Canaccord Genuity Group lifted 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, MP Materials presently has a consensus rating of "Moderate Buy" and an average target price 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.