MP Materials Corp. (NYSE:MP) Stock Holdings Lowered by abrdn plc

abrdn plc cut its position in MP Materials Corp. (NYSE:MP) by 25.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,953 shares of the company’s stock after selling 44,028 shares during the quarter. abrdn plc owned about 0.08% of MP Materials worth $2,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in MP Materials by 136.0% in the third quarter. GAMMA Investing LLC now owns 2,230 shares of the company’s stock worth $39,000 after buying an additional 1,285 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of MP Materials by 205.4% in the 4th 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 during the last quarter. Nisa Investment Advisors LLC raised its position in shares of 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 holdings in shares of MP Materials by 817.5% during the third quarter. Signaturefd LLC now owns 3,661 shares of the company’s stock valued at $65,000 after purchasing an additional 3,262 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of MP Materials by 35.7% in the 3rd quarter. KBC Group NV now owns 4,733 shares of the company’s stock valued at $84,000 after purchasing an additional 1,246 shares during the period. Institutional investors own 52.55% of the company’s stock.

Insiders Place Their Bets

In related news, CEO James H. Litinsky sold 300,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $20.22, for a total transaction of $6,066,000.00. Following the sale, the chief executive officer now owns 18,043,076 shares in the company, valued at approximately $364,830,996.72. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ryan Corbett sold 15,195 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $18.30, for a total value of $278,068.50. Following the transaction, the chief financial officer now directly owns 295,021 shares of the company’s stock, valued at $5,398,884.30. This trade represents a 4.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,271,085 shares of company stock valued at $26,757,696 over the last 90 days. 12.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

MP Materials Trading Up 6.9 %

MP Materials stock opened at $25.60 on Tuesday. The company has a market cap of $4.18 billion, a price-to-earnings ratio of -47.40 and a beta of 2.34. The firm has a 50-day moving average of $19.81 and a 200-day moving average of $17.30. The company has a debt-to-equity ratio of 0.88, a current ratio of 6.93 and a quick ratio of 6.13. MP Materials Corp. has a one year low of $10.02 and a one year high of $26.00.

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.