Nisa Investment Advisors LLC Acquires 2,200 Shares of MP Materials Corp. (NYSE:MP)

Nisa Investment Advisors LLC increased its holdings in shares of MP Materials Corp. (NYSE:MP) by 204.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,275 shares of the company’s stock after buying an additional 2,200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MP Materials were worth $51,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Millennium Management LLC increased its holdings in shares of MP Materials by 425.5% during the second quarter. Millennium Management LLC now owns 801,328 shares of the company’s stock worth $10,201,000 after buying an additional 648,838 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in MP Materials by 32.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,245,796 shares of the company’s stock worth $21,988,000 after purchasing an additional 306,933 shares in the last quarter. Public Sector Pension Investment Board bought a new position in MP Materials in the third quarter valued at about $4,584,000. Bernzott Capital Advisors grew its holdings in shares of MP Materials by 43.4% during the third 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 last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of MP Materials by 26.3% in the second quarter. Clearbridge Investments LLC now owns 847,240 shares of the company’s stock valued at $10,785,000 after buying an additional 176,219 shares during the period. 52.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MP Materials

In related news, CEO James H. Litinsky sold 234,667 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $20.68, for a total transaction of $4,852,913.56. Following the sale, the chief executive officer now owns 17,608,409 shares of the company’s stock, valued at approximately $364,141,898.12. This represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ryan Corbett sold 35,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $21.50, for a total transaction of $752,500.00. Following the completion of the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders sold 884,862 shares of company stock valued at $17,484,482 over the last three months. Company insiders own 12.60% of the company’s stock.

Analyst Ratings Changes

MP has been the topic of several recent research reports. JPMorgan Chase & Co. lifted 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. BMO Capital Markets upped their target price on MP Materials from $19.50 to $22.00 and gave the company a “market perform” rating in a research report on Monday, January 27th. Finally, Canaccord Genuity Group lifted their price target 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.45.

MP Materials Trading Up 0.6 %

Shares of MP opened at $21.87 on Friday. The firm has a market cap of $3.57 billion, a P/E ratio of -40.50 and a beta of 2.31. MP Materials Corp. has a fifty-two week low of $10.02 and a fifty-two week high of $24.01. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93. The business has a 50-day moving average of $19.43 and a 200 day moving average of $16.86.

MP Materials (NYSE:MP) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.04). MP Materials had a negative net margin of 32.24% and a negative return on equity of 6.78%. The business had revenue of $62.93 million during the quarter, compared to the consensus estimate of $45.30 million. During the same period last year, the firm earned $0.02 EPS. As a group, research analysts forecast that MP Materials Corp. will post -0.54 EPS for the current year.

MP Materials Company 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.