Virtu Financial LLC Acquires New Holdings in MP Materials Corp. (NYSE:MP)

Virtu Financial LLC bought a new stake in shares of MP Materials Corp. (NYSE:MP - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 79,124 shares of the company's stock, valued at approximately $1,234,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MP. SBI Securities Co. Ltd. acquired a new stake in shares of MP Materials during the fourth quarter valued at about $40,000. Geneos Wealth Management Inc. grew its stake in MP Materials by 205.4% during 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 increased its holdings in MP Materials by 204.7% during the 4th 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 last quarter. GAMMA Investing LLC increased its holdings in MP Materials by 69.3% during the 4th quarter. GAMMA Investing LLC now owns 3,775 shares of the company's stock worth $59,000 after purchasing an additional 1,545 shares during the last quarter. Finally, IMG Wealth Management Inc. acquired a new position in shares of MP Materials in the 4th quarter valued at approximately $66,000. 52.55% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MP Materials news, CFO Ryan Corbett sold 15,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.00, for a total transaction of $405,000.00. Following the completion of the transaction, the chief financial officer now directly owns 214,812 shares of the company's stock, valued at $5,799,924. The trade was a 6.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James H. Litinsky sold 386,223 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $24.01, for a total transaction of $9,273,214.23. Following the completion of the sale, the chief executive officer now owns 15,643,076 shares in the company, valued at $375,590,254.76. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,112,316 shares of company stock valued at $28,665,974 over the last three months. Company insiders own 12.60% of the company's stock.

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MP Materials Stock Performance

Shares of NYSE:MP traded up $0.15 during trading on Thursday, reaching $26.21. 2,147,223 shares of the company's stock traded hands, compared to its average volume of 3,095,610. The company has a debt-to-equity ratio of 0.88, a current ratio of 6.93 and a quick ratio of 6.13. The company has a 50 day moving average of $23.76 and a 200-day moving average of $20.00. MP Materials Corp. has a 12 month low of $10.02 and a 12 month high of $27.29. The stock has a market capitalization 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 announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). The company had revenue of $60.99 million for the quarter, compared to analyst estimates of $50.71 million. MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. On average, equities analysts expect that MP Materials Corp. will post -0.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of MP Materials from $25.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets upped their target price on shares of MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a research note on Thursday, March 20th. Finally, Canaccord Genuity Group lifted their price target on MP Materials from $23.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, MP Materials presently has an average rating of "Moderate Buy" and an average price target of $23.61.

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.