WINTON GROUP Ltd Has $2.03 Million Stake in MP Materials Corp. (NYSE:MP)

WINTON GROUP Ltd lowered its holdings in shares of MP Materials Corp. (NYSE:MP - Free Report) by 60.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,041 shares of the company's stock after selling 198,546 shares during the period. WINTON GROUP Ltd owned about 0.08% of MP Materials worth $2,029,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MP. Walnut Level Capital LLC lifted its stake in MP Materials by 2.7% in the 4th quarter. Walnut Level Capital LLC now owns 95,000 shares of the company's stock valued at $1,482,000 after purchasing an additional 2,470 shares during the last quarter. LPL Financial LLC increased its holdings in shares of MP Materials by 11.2% during the fourth quarter. LPL Financial LLC now owns 126,435 shares of the company's stock worth $1,972,000 after buying an additional 12,782 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of MP Materials during the fourth quarter worth $263,000. KLP Kapitalforvaltning AS bought a new position in shares of MP Materials in the 4th quarter valued at $388,000. Finally, Sei Investments Co. acquired a new stake in shares of MP Materials during the 4th quarter valued at $156,000. 52.55% of the stock is currently owned by institutional investors.

MP Materials Trading Up 3.1 %

MP Materials stock traded up $0.75 during mid-day trading on Tuesday, hitting $25.16. 2,764,519 shares of the stock were exchanged, compared to its average volume of 3,181,845. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of -42.64 and a beta of 2.32. MP Materials Corp. has a 12 month low of $10.02 and a 12 month high of $27.29. 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 firm's fifty day simple moving average is $24.12 and its two-hundred day simple moving average is $20.38.

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MP Materials (NYSE:MP - Get Free Report) last announced its 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 firm had revenue of $60.99 million for the quarter, compared to the consensus estimate of $50.71 million. MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. Analysts forecast that MP Materials Corp. will post -0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. DA Davidson increased their target price on MP Materials from $25.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, March 19th. BMO Capital Markets raised their price objective on shares of MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, MP Materials currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.61.

Insider Transactions at MP Materials

In related news, CEO James H. Litinsky sold 18,519 shares of the stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $27.00, for a total transaction of $500,013.00. Following the transaction, the chief executive officer now directly owns 13,842,256 shares of the company's stock, valued at $373,740,912. This represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ryan Corbett sold 60,000 shares of MP Materials stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.51, for a total transaction of $1,530,600.00. Following the completion of the sale, the chief financial officer now directly owns 230,100 shares of the company's stock, valued at approximately $5,869,851. This trade represents a 20.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,130,835 shares of company stock valued at $29,165,987. Corporate insiders own 12.60% of the company's stock.

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.