Nordwand Advisors LLC Has $798,000 Stock Holdings in MP Materials Corp. (NYSE:MP)

Nordwand Advisors LLC lowered its position in shares of MP Materials Corp. (NYSE:MP) by 30.1% in the fourth quarter, HoldingsChannel reports. The firm owned 51,140 shares of the company’s stock after selling 22,000 shares during the period. MP Materials makes up approximately 0.3% of Nordwand Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Nordwand Advisors LLC’s holdings in MP Materials were worth $798,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in MP Materials in the 4th quarter valued at $40,000. Geneos Wealth Management Inc. increased its stake in shares of MP Materials by 205.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company’s stock valued at $43,000 after buying an additional 1,849 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of MP Materials by 204.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company’s stock valued at $51,000 after buying an additional 2,200 shares during the last quarter. GAMMA Investing LLC lifted its position 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 buying an additional 1,545 shares in the last quarter. Finally, KBC Group NV grew 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 worth $84,000 after acquiring an additional 1,246 shares during the last quarter. 52.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MP has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of MP Materials from $19.50 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Canaccord Genuity Group raised their price target on shares of MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, MP Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.45.

Insider Transactions at MP Materials

In related news, CEO James H. Litinsky sold 386,223 shares of MP Materials 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 transaction, the chief executive officer now owns 15,643,076 shares of the company’s stock, valued at $375,590,254.76. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 12.60% of the company’s stock.

MP Materials Price Performance

Shares of MP stock opened at $24.43 on Friday. The firm’s 50 day moving average price is $21.69 and its two-hundred day moving average price is $18.71. 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 Corp. has a 52-week low of $10.02 and a 52-week high of $26.00. The stock has a market cap of $3.99 billion, a PE ratio of -41.41 and a beta of 2.32.

MP Materials (NYSE:MP) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The company had revenue of $60.99 million during 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%. As a group, analysts forecast that MP Materials Corp. will post -0.19 EPS for the current year.

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.