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

Skylands Capital LLC lessened its position in shares of MP Materials Corp. (NYSE:MP) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,000 shares of the company’s stock after selling 22,000 shares during the quarter. Skylands Capital LLC owned approximately 0.13% of MP Materials worth $3,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MP. Creative Planning boosted its stake in MP Materials by 219.0% in the 3rd quarter. Creative Planning now owns 46,871 shares of the company’s stock valued at $827,000 after buying an additional 32,176 shares in the last quarter. Signaturefd LLC boosted its stake in MP Materials by 817.5% in the 3rd quarter. Signaturefd LLC now owns 3,661 shares of the company’s stock valued at $65,000 after buying an additional 3,262 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in MP Materials by 56.2% in the 3rd quarter. Louisiana State Employees Retirement System now owns 59,200 shares of the company’s stock valued at $1,045,000 after buying an additional 21,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in MP Materials in the 3rd quarter valued at $188,000. Finally, Pullen Investment Management LLC boosted its stake in MP Materials by 10.5% in the 3rd quarter. Pullen Investment Management LLC now owns 23,436 shares of the company’s stock valued at $414,000 after buying an additional 2,223 shares in the last quarter. Institutional investors and hedge funds own 52.55% of the company’s stock.

Insider Activity at MP Materials

In related news, CFO Ryan Corbett sold 35,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $21.50, for a total value of $752,500.00. Following the completion of the sale, the chief financial officer now owns 260,021 shares in the company, valued at approximately $5,590,451.50. This represents a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO James H. Litinsky sold 386,223 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $24.01, for a total value of $9,273,214.23. Following the completion of the sale, the chief executive officer now owns 15,643,076 shares of the company’s stock, valued at $375,590,254.76. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 955,890 shares of company stock worth $20,944,628. 12.60% of the stock is owned by insiders.

MP Materials Trading Up 4.6 %

MP stock opened at $24.25 on Monday. The company has a market cap of $3.96 billion, a P/E ratio of -41.09 and a beta of 2.34. MP Materials Corp. has a twelve month low of $10.02 and a twelve month high of $26.00. The company has a quick ratio of 6.13, a current ratio of 6.93 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average of $20.45 and a 200-day moving average of $18.03.

MP Materials (NYSE:MP) last released its quarterly earnings data 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 the consensus estimate of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. As a group, equities research analysts expect that MP Materials Corp. will post -0.19 EPS for the current year.

Analysts Set New Price Targets

MP has been the subject of several research analyst reports. Canaccord Genuity Group lifted their price objective on MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. BMO Capital Markets lifted their price objective 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, MP Materials presently has an average rating of “Moderate Buy” and an average target price of $22.45.

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.