Guidance Capital Inc. Takes $344,000 Position in MP Materials Corp. (NYSE:MP)

Guidance Capital Inc. bought a new stake in MP Materials Corp. (NYSE:MP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,042 shares of the company’s stock, valued at approximately $344,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in MP Materials by 136.0% during the third quarter. GAMMA Investing LLC now owns 2,230 shares of the company’s stock worth $39,000 after purchasing an additional 1,285 shares during the period. Geneos Wealth Management Inc. lifted its position in 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 purchasing an additional 1,849 shares during the period. Nisa Investment Advisors LLC lifted its position 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 purchasing an additional 2,200 shares during the period. Signaturefd LLC lifted its position 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 purchasing an additional 3,262 shares during the period. Finally, KBC Group NV lifted its position 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 purchasing an additional 1,246 shares during the period. Institutional investors own 52.55% of the company’s stock.

MP Materials Stock Down 3.9 %

MP Materials stock opened at $23.51 on Thursday. 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 $24.78. The firm has a 50 day moving average price of $19.59 and a two-hundred day moving average price of $17.05. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of -43.54 and a beta of 2.34.

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Canaccord Genuity Group boosted their target price on MP Materials from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. BMO Capital Markets increased their target price on shares of MP Materials from $19.50 to $22.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of MP Materials from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, MP Materials currently has a consensus rating of “Moderate Buy” and an average price target of $22.45.

Insider Transactions at MP Materials

In related news, CEO James H. Litinsky sold 300,000 shares of MP Materials stock in a transaction on Monday, November 18th. The shares were sold at an average price of $18.45, for a total value of $5,535,000.00. Following the completion of the sale, the chief executive officer now owns 18,221,776 shares of the company’s stock, valued at approximately $336,191,767.20. This trade represents a 1.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ryan Corbett sold 15,195 shares of MP Materials stock in a transaction on Monday, November 18th. The stock was sold at an average price of $18.30, for a total transaction of $278,068.50. Following the transaction, the chief financial officer now directly owns 295,021 shares in the company, valued at $5,398,884.30. This represents a 4.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 884,862 shares of company stock valued at $17,484,482 in the last quarter. 12.60% of the stock is currently owned by company insiders.

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.