SWS Partners Boosts Position in MP Materials Corp. (NYSE:MP)

SWS Partners lifted its position in MP Materials Corp. (NYSE:MP) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,503 shares of the company’s stock after buying an additional 707 shares during the quarter. SWS Partners owned approximately 0.10% of MP Materials worth $2,535,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors grew its position in MP Materials by 5.0% during the third quarter. Captrust Financial Advisors now owns 11,734 shares of the company’s stock worth $207,000 after buying an additional 557 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its position 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 valued at $4,509,000 after acquiring an additional 1,135 shares during the last quarter. KBC Group NV grew its holdings in shares of MP Materials by 35.7% during the third quarter. KBC Group NV now owns 4,733 shares of the company’s stock worth $84,000 after purchasing an additional 1,246 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of MP Materials by 4.0% in the fourth quarter. Handelsbanken Fonder AB now owns 38,800 shares of the company’s stock worth $605,000 after purchasing an additional 1,500 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in MP Materials by 69.3% in the fourth 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 in the last quarter. 52.55% of the stock is currently owned by institutional investors.

MP Materials Stock Down 6.4 %

Shares of NYSE:MP opened at $22.48 on Tuesday. The stock has a market capitalization of $3.67 billion, a P/E ratio of -38.10 and a beta of 2.34. The stock’s 50-day moving average price is $21.24 and its 200-day moving average price is $18.55. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88. MP Materials Corp. has a 12-month low of $10.02 and a 12-month high of $26.00.

MP Materials (NYSE:MP) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The company had revenue of $60.99 million during the quarter, compared to analysts’ expectations 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, equities analysts anticipate that MP Materials Corp. will post -0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MP has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target 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. Canaccord Genuity Group increased their target price on MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.45.

Insider Activity at MP Materials

In other MP Materials news, CEO James H. Litinsky sold 386,223 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were 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 approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 12.60% of the stock is currently owned by company insiders.

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.