MP Materials Corp. (NYSE:MP) Shares Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC increased its holdings in shares of MP Materials Corp. (NYSE:MP) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,544 shares of the company’s stock after purchasing an additional 1,735 shares during the period. Simon Quick Advisors LLC’s holdings in MP Materials were worth $820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MP. Victory Capital Management Inc. boosted its stake in shares of MP Materials by 1.2% during the third quarter. Victory Capital Management Inc. now owns 2,359,092 shares of the company’s stock worth $41,638,000 after buying an additional 28,697 shares during the period. Dimensional Fund Advisors LP lifted its position in MP Materials by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,355,982 shares of the company’s stock worth $29,993,000 after acquiring an additional 71,454 shares during the period. Segall Bryant & Hamill LLC grew its stake in shares of MP Materials by 32.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,245,796 shares of the company’s stock valued at $21,988,000 after purchasing an additional 306,933 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of MP Materials by 188.1% in the second quarter. Bank of Montreal Can now owns 898,960 shares of the company’s stock valued at $11,462,000 after purchasing an additional 586,906 shares during the period. Finally, Clearbridge Investments LLC raised its stake in shares of MP Materials by 26.3% during the second quarter. Clearbridge Investments LLC now owns 847,240 shares of the company’s stock worth $10,785,000 after purchasing an additional 176,219 shares during the last quarter. 52.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MP. JPMorgan Chase & Co. lifted their price objective on shares of MP Materials from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. BMO Capital Markets boosted their price target on shares of MP Materials from $16.00 to $18.50 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Canaccord Genuity Group raised their price objective on shares of MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Robert W. Baird boosted their target price on MP Materials from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Finally, DA Davidson increased their target price on MP Materials from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, MP Materials currently has an average rating of “Moderate Buy” and an average target price of $22.10.

MP Materials Stock Up 0.9 %

MP opened at $21.06 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93. The company has a market cap of $3.44 billion, a price-to-earnings ratio of -39.01 and a beta of 2.31. MP Materials Corp. has a one year low of $10.02 and a one year high of $24.01. The business’s fifty day moving average is $19.03 and its two-hundred day moving average is $16.55.

MP Materials (NYSE:MP) last posted its earnings results on Thursday, November 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). MP Materials had a negative net margin of 32.24% and a negative return on equity of 6.78%. The business had revenue of $62.93 million for the quarter, compared to analysts’ expectations of $45.30 million. During the same quarter last year, the business posted $0.02 earnings per share. Analysts anticipate that MP Materials Corp. will post -0.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO James H. Litinsky sold 300,000 shares of MP Materials stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $18.45, for a total transaction of $5,535,000.00. Following the completion of the sale, the chief executive officer now owns 18,221,776 shares in the company, valued at approximately $336,191,767.20. This trade represents a 1.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ryan Corbett sold 35,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $21.50, for a total transaction of $752,500.00. Following the completion of the transaction, the chief financial officer now owns 260,021 shares in the company, valued at approximately $5,590,451.50. This trade represents a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 884,862 shares of company stock worth $17,484,482 in the last ninety days. Insiders own 12.60% of the company’s stock.

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.