Corient Private Wealth LLC Has $473,000 Stock Holdings in MP Materials Corp. (NYSE:MP)

Corient Private Wealth LLC decreased its position in MP Materials Corp. (NYSE:MP) by 13.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 30,338 shares of the company’s stock after selling 4,542 shares during the period. Corient Private Wealth LLC’s holdings in MP Materials were worth $473,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in shares of MP Materials by 3.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,432,389 shares of the company’s stock valued at $37,945,000 after acquiring an additional 73,297 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MP Materials by 15.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,079,668 shares of the company’s stock worth $16,843,000 after purchasing an additional 144,661 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of MP Materials by 48.7% during the 4th quarter. Principal Financial Group Inc. now owns 899,698 shares of the company’s stock worth $14,035,000 after purchasing an additional 294,806 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MP Materials by 4.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,391 shares of the company’s stock valued at $8,161,000 after acquiring an additional 19,077 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in MP Materials in the 4th quarter valued at about $6,284,000. Institutional investors and hedge funds own 52.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MP. DA Davidson boosted their target price on MP Materials from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. BMO Capital Markets increased their price objective on shares of MP Materials from $22.00 to $29.00 and gave the company a “market perform” rating in a research report on Thursday, March 20th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MP Materials has a consensus rating of “Moderate Buy” and an average target price of $23.61.

MP Materials Trading Down 0.8 %

Shares of NYSE:MP opened at $25.97 on Friday. The company has a market capitalization of $4.24 billion, a P/E ratio of -44.02 and a beta of 2.32. The company has a debt-to-equity ratio of 0.88, a current ratio of 6.93 and a quick ratio of 6.13. The business’s 50 day simple moving average is $23.96 and its 200 day simple moving average is $20.18. MP Materials Corp. has a 1 year low of $10.02 and a 1 year high of $27.29.

MP Materials (NYSE:MP) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $60.99 million for the quarter, compared to the consensus estimate of $50.71 million. MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. On average, research analysts anticipate that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

Insider Transactions at MP Materials

In other MP Materials news, CEO James H. Litinsky sold 386,223 shares of MP Materials stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $24.01, for a total value of $9,273,214.23. Following the transaction, the chief executive officer now owns 15,643,076 shares in the company, valued at $375,590,254.76. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ryan Corbett sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.51, for a total transaction of $1,530,600.00. Following the completion of the sale, the chief financial officer now owns 230,100 shares in the company, valued at approximately $5,869,851. The trade was a 20.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,130,835 shares of company stock valued at $29,165,987. Company insiders own 12.60% of the company’s stock.

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.