RPg Family Wealth Advisory LLC Cuts Stake in MP Materials Corp. $MP

RPg Family Wealth Advisory LLC trimmed its position in shares of MP Materials Corp. (NYSE:MP) by 26.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,710 shares of the company’s stock after selling 28,503 shares during the period. RPg Family Wealth Advisory LLC’s holdings in MP Materials were worth $5,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Sound Income Strategies LLC lifted its stake in MP Materials by 420.0% in the 3rd quarter. Sound Income Strategies LLC now owns 364 shares of the company’s stock worth $26,000 after purchasing an additional 294 shares in the last quarter. Spire Wealth Management grew its position in MP Materials by 181.3% during the second quarter. Spire Wealth Management now owns 1,010 shares of the company’s stock valued at $34,000 after acquiring an additional 651 shares during the last quarter. Grove Bank & Trust purchased a new position in MP Materials in the 3rd quarter worth $34,000. SJS Investment Consulting Inc. lifted its stake in shares of MP Materials by 4,600.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 564 shares of the company’s stock valued at $38,000 after acquiring an additional 552 shares during the last quarter. Finally, Hilltop National Bank boosted its stake in shares of MP Materials by 500.0% during the third quarter. Hilltop National Bank now owns 600 shares of the company’s stock valued at $40,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 52.55% of the company’s stock.

MP Materials Trading Down 3.8%

MP opened at $61.32 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 6.67 and a current ratio of 7.24. The stock’s 50 day moving average price is $60.48 and its 200-day moving average price is $63.92. MP Materials Corp. has a one year low of $18.64 and a one year high of $100.25. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of -117.92 and a beta of 1.55.

Wall Street Analyst Weigh In

Several analysts have commented on MP shares. Wall Street Zen lowered shares of MP Materials from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. The Goldman Sachs Group initiated coverage on shares of MP Materials in a report on Wednesday, November 19th. They issued a “buy” rating and a $77.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised shares of MP Materials from a “hold” rating to a “buy” rating and raised their price objective for the stock from $68.00 to $71.00 in a report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MP Materials in a research note on Thursday, January 22nd. Finally, TD Securities raised MP Materials to a “strong-buy” rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $78.91.

Insider Buying and Selling at MP Materials

In other MP Materials news, CFO Ryan Corbett sold 38,146 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $60.00, for a total value of $2,288,760.00. Following the sale, the chief financial officer owned 156,666 shares in the company, valued at $9,399,960. This trade represents a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James H. Litinsky sold 385,000 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $62.94, for a total transaction of $24,231,900.00. Following the sale, the chief executive officer directly owned 13,105,965 shares of the company’s stock, valued at $824,889,437.10. This represents a 2.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 723,146 shares of company stock worth $45,767,276 in the last ninety days. 12.60% of the stock is currently owned by corporate insiders.

About MP Materials

MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.

The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.