Walnut Level Capital LLC Purchases 2,470 Shares of MP Materials Corp. (NYSE:MP)

Walnut Level Capital LLC boosted its stake in MP Materials Corp. (NYSE:MP) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,000 shares of the company’s stock after acquiring an additional 2,470 shares during the period. MP Materials accounts for 0.6% of Walnut Level Capital LLC’s investment portfolio, making the stock its 27th largest holding. Walnut Level Capital LLC’s holdings in MP Materials were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its holdings in MP Materials by 5.0% in the third quarter. Captrust Financial Advisors now owns 11,734 shares of the company’s stock valued at $207,000 after acquiring an additional 557 shares during the last quarter. SWS Partners boosted its holdings in shares of MP Materials by 0.4% during the 4th quarter. SWS Partners now owns 162,503 shares of the company’s stock worth $2,535,000 after buying an additional 707 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its holdings in shares of MP Materials by 0.4% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 255,495 shares of the company’s stock worth $4,509,000 after buying an additional 1,135 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of MP Materials by 4.0% during the 4th quarter. Handelsbanken Fonder AB now owns 38,800 shares of the company’s stock worth $605,000 after buying an additional 1,500 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of MP Materials by 69.3% during the 4th quarter. GAMMA Investing LLC now owns 3,775 shares of the company’s stock worth $59,000 after buying an additional 1,545 shares in the last quarter. 52.55% of the stock is currently owned by institutional investors.

Insider Activity at MP Materials

In related news, CFO Ryan Corbett sold 60,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.51, for a total value of $1,530,600.00. Following the completion of the sale, the chief financial officer now directly owns 230,100 shares of the company’s stock, valued at approximately $5,869,851. This represents a 20.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James H. Litinsky sold 161,175 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $26.94, for a total value of $4,342,054.50. Following the completion of the sale, the chief executive officer now directly owns 14,352,689 shares of the company’s stock, valued at $386,661,441.66. The trade was a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,112,316 shares of company stock valued at $28,665,974. 12.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MP. DA Davidson increased their price target on MP Materials from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. Canaccord Genuity Group increased their price target on MP Materials from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, BMO Capital Markets increased their price target on MP Materials from $22.00 to $29.00 and gave the stock a “market perform” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.61.

MP Materials Price Performance

Shares of NYSE:MP opened at $25.81 on Monday. The company has a quick ratio of 6.13, a current ratio of 6.93 and a debt-to-equity ratio of 0.88. MP Materials Corp. has a twelve month low of $10.02 and a twelve month high of $27.29. The stock’s 50 day moving average is $23.36 and its 200-day moving average is $19.78. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of -43.75 and a beta of 2.32.

MP Materials (NYSE:MP) last issued its earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The firm had revenue of $60.99 million for the quarter, compared to analyst estimates of $50.71 million. MP Materials had a negative return on equity of 8.44% and a negative net margin of 32.09%. Sell-side analysts forecast that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

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.