Skylands Capital LLC Has $3.26 Million Position in MP Materials Corp. (NYSE:MP)

Skylands Capital LLC reduced its position in shares of MP Materials Corp. (NYSE:MP) by 9.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 209,000 shares of the company’s stock after selling 22,000 shares during the quarter. Skylands Capital LLC’s holdings in MP Materials were worth $3,260,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MP. Geneos Wealth Management Inc. boosted its position 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 buying an additional 1,849 shares during the period. Nisa Investment Advisors LLC raised its holdings in 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 acquiring an additional 2,200 shares in the last quarter. GAMMA Investing LLC raised its holdings in MP Materials by 69.3% during the fourth quarter. GAMMA Investing LLC now owns 3,775 shares of the company’s stock worth $59,000 after acquiring an additional 1,545 shares in the last quarter. Signaturefd LLC raised its holdings in MP Materials by 817.5% during the third quarter. Signaturefd LLC now owns 3,661 shares of the company’s stock worth $65,000 after acquiring an additional 3,262 shares in the last quarter. Finally, KBC Group NV raised its holdings in MP Materials by 35.7% during the third quarter. KBC Group NV now owns 4,733 shares of the company’s stock worth $84,000 after acquiring an additional 1,246 shares in the last quarter. 52.55% of the stock is owned by institutional investors and hedge funds.

MP Materials Trading Up 4.6 %

Shares of MP stock opened at $24.25 on Monday. The stock’s fifty day moving average price is $20.45 and its two-hundred day moving average price is $18.03. The company has a market cap of $3.96 billion, a PE ratio of -41.09 and a beta of 2.34. MP Materials Corp. has a fifty-two week low of $10.02 and a fifty-two week high of $26.00. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93.

MP Materials (NYSE:MP) last issued 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 business had revenue of $60.99 million during the quarter, compared to analyst estimates of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. Equities analysts predict that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

Insider Buying and Selling at MP Materials

In related news, CFO Ryan Corbett sold 35,000 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $21.50, for a total transaction of $752,500.00. Following the sale, the chief financial officer now owns 260,021 shares of the company’s stock, valued at $5,590,451.50. This trade represents a 11.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James H. Litinsky sold 300,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $20.22, for a total value of $6,066,000.00. Following the sale, the chief executive officer now directly owns 18,043,076 shares in the company, valued at approximately $364,830,996.72. This trade represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 955,890 shares of company stock valued at $20,944,628. 12.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MP shares. BMO Capital Markets upped their target price on MP Materials from $19.50 to $22.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Canaccord Genuity Group upped their price objective on MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.45.

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.