Creative Financial Designs Inc. ADV Reduces Stock Holdings in MP Materials Corp. (NYSE:MP)

Creative Financial Designs Inc. ADV reduced its position in MP Materials Corp. (NYSE:MP) by 19.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,776 shares of the company’s stock after selling 1,890 shares during the period. Creative Financial Designs Inc. ADV’s holdings in MP Materials were worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in MP Materials in the 4th quarter worth approximately $40,000. Geneos Wealth Management Inc. lifted 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 acquiring an additional 1,849 shares in the last quarter. Nisa Investment Advisors LLC boosted 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 worth $51,000 after acquiring an additional 2,200 shares during the period. GAMMA Investing LLC grew its position in shares of MP Materials by 69.3% in the fourth quarter. GAMMA Investing LLC now owns 3,775 shares of the company’s stock valued at $59,000 after purchasing an additional 1,545 shares in the last quarter. Finally, IMG Wealth Management Inc. bought a new stake in shares of MP Materials during the 4th quarter valued at $66,000. Hedge funds and other institutional investors own 52.55% of the company’s stock.

Insider Activity at MP Materials

In other news, CEO James H. Litinsky sold 161,175 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $26.94, for a total value of $4,342,054.50. Following the completion of the sale, the chief executive officer now owns 14,352,689 shares of the company’s stock, valued at approximately $386,661,441.66. This represents a 1.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ryan Corbett sold 15,000 shares of MP Materials stock in a transaction on Monday, March 17th. The stock was 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 owns 214,812 shares in the company, valued at approximately $5,799,924. The trade was a 6.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,112,316 shares of company stock valued at $28,665,974 over the last 90 days. 12.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on MP shares. BMO Capital Markets raised their target price on MP Materials from $22.00 to $29.00 and gave the stock a “market perform” rating in a research note on Thursday. DA Davidson raised their price objective on shares of MP Materials from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Canaccord Genuity Group upped their target price on shares of MP Materials from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.61.

MP Materials Stock Down 2.2 %

Shares of NYSE MP opened at $26.22 on Friday. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average of $23.24 and a 200-day moving average of $19.60. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of -44.44 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.

MP Materials (NYSE:MP) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The company had revenue of $60.99 million during the quarter, compared to analysts’ expectations of $50.71 million. MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. Sell-side analysts expect that MP Materials Corp. will post -0.19 earnings per share for the current fiscal year.

About MP Materials

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.