180 Wealth Advisors LLC Sells 7,937 Shares of MP Materials Corp. (NYSE:MP)

180 Wealth Advisors LLC lessened its position in shares of MP Materials Corp. (NYSE:MP) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,057 shares of the company’s stock after selling 7,937 shares during the quarter. 180 Wealth Advisors LLC’s holdings in MP Materials were worth $750,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC lifted its holdings in MP Materials by 12.4% in the fourth quarter. Miracle Mile Advisors LLC now owns 15,900 shares of the company’s stock valued at $248,000 after buying an additional 1,750 shares during the period. Wedmont Private Capital bought a new stake in shares of MP Materials during the 4th quarter valued at $159,000. GAMMA Investing LLC lifted its stake in shares of MP Materials by 69.3% in the 4th quarter. GAMMA Investing LLC now owns 3,775 shares of the company’s stock valued at $59,000 after purchasing an additional 1,545 shares during the period. Principal Financial Group Inc. boosted its position in shares of MP Materials by 35.7% in the 3rd quarter. Principal Financial Group Inc. now owns 604,892 shares of the company’s stock worth $10,676,000 after purchasing an additional 159,200 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of MP Materials by 47.5% during the third quarter. Tidal Investments LLC now owns 72,826 shares of the company’s stock worth $1,285,000 after purchasing an additional 23,441 shares during the period. Institutional investors own 52.55% of the company’s stock.

Insider Buying and Selling

In other MP Materials news, CFO Ryan Corbett sold 15,195 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 295,021 shares in the company, valued at approximately $5,398,884.30. The trade was a 4.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James H. Litinsky sold 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $20.22, for a total transaction of $6,066,000.00. Following the transaction, the chief executive officer now directly owns 18,043,076 shares of the company’s stock, valued at $364,830,996.72. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 884,862 shares of company stock valued at $17,484,482. Company insiders own 12.60% of the company’s stock.

MP Materials Stock Down 0.6 %

MP Materials stock opened at $19.41 on Wednesday. The company has a 50 day moving average of $18.89 and a 200-day moving average of $16.27. 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 $24.01. The stock has a market capitalization of $3.17 billion, a PE ratio of -35.94 and a beta of 2.31.

Analyst Upgrades and Downgrades

MP has been the topic of several analyst reports. Robert W. Baird increased their target price on MP Materials from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Morgan Stanley increased their price target on shares of MP Materials from $13.50 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, September 19th. Canaccord Genuity Group boosted their price objective on shares of MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. BMO Capital Markets increased their target price on shares of MP Materials from $16.00 to $18.50 and gave the stock a “market perform” rating in a report on Friday, October 25th. Finally, DA Davidson lifted their price target on shares of MP Materials from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, MP Materials presently has an average rating of “Moderate Buy” and a consensus target price of $22.10.

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.