MP Materials Corp. (NYSE:MP) Stock Holdings Boosted by Archford Capital Strategies LLC

Archford Capital Strategies LLC lifted its position in MP Materials Corp. (NYSE:MP) by 29.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,118 shares of the company’s stock after buying an additional 4,852 shares during the period. Archford Capital Strategies LLC’s holdings in MP Materials were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Segall Bryant & Hamill LLC raised its position in MP Materials by 32.7% in the third quarter. Segall Bryant & Hamill LLC now owns 1,245,796 shares of the company’s stock worth $21,988,000 after acquiring an additional 306,933 shares in the last quarter. Quest Partners LLC raised its holdings in shares of MP Materials by 806.0% in the 3rd quarter. Quest Partners LLC now owns 42,944 shares of the company’s stock worth $758,000 after purchasing an additional 38,204 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in MP Materials during the third quarter valued at approximately $2,300,000. Principal Financial Group Inc. boosted its holdings in MP Materials by 35.7% during the third quarter. Principal Financial Group Inc. now owns 604,892 shares of the company’s stock worth $10,676,000 after buying an additional 159,200 shares in the last quarter. Finally, New Century Financial Group LLC acquired a new position in MP Materials in the fourth quarter worth approximately $922,000. Institutional investors and hedge funds own 52.55% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MP shares. JPMorgan Chase & Co. increased their price objective on 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 increased their price target on MP Materials from $16.00 to $18.50 and gave the company a “market perform” rating in a research report on Friday, October 25th. DA Davidson lifted their price target on MP Materials from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Canaccord Genuity Group upped their price objective on shares of MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.10.

MP Materials Stock Performance

Shares of MP opened at $21.60 on Monday. The company’s 50 day moving average price is $19.16 and its 200 day moving average price is $16.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93. MP Materials Corp. has a 52 week low of $10.02 and a 52 week high of $24.01. The company has a market capitalization of $3.53 billion, a PE ratio of -40.00 and a beta of 2.31.

MP Materials (NYSE:MP) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.15) EPS 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 firm had revenue of $62.93 million during the quarter, compared to the consensus estimate of $45.30 million. During the same period in the previous year, the firm posted $0.02 EPS. Research analysts expect that MP Materials Corp. will post -0.54 EPS for the current fiscal year.

Insider Buying and Selling at MP Materials

In other news, CFO Ryan Corbett sold 35,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $21.50, for a total value of $752,500.00. Following the sale, the chief financial officer now directly owns 260,021 shares of the company’s stock, valued at approximately $5,590,451.50. This trade represents a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James H. Litinsky sold 300,000 shares of MP Materials stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $20.22, for a total value of $6,066,000.00. Following the completion of the transaction, the chief executive officer now directly owns 18,043,076 shares in the company, valued at approximately $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. Insiders have sold a total of 884,862 shares of company stock worth $17,484,482 over the last three months. Corporate 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.