Investors Asset Management of Georgia Inc. GA ADV Decreases Stock Holdings in MP Materials Corp. (NYSE:MP)

Investors Asset Management of Georgia Inc. GA ADV decreased its holdings in shares of MP Materials Corp. (NYSE:MP) by 14.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,250 shares of the company’s stock after selling 2,800 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in MP Materials were worth $323,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MP. Natixis Advisors L.P. raised its stake in MP Materials by 22.9% during the first quarter. Natixis Advisors L.P. now owns 18,394 shares of the company’s stock valued at $1,055,000 after purchasing an additional 3,430 shares in the last quarter. Bank of Montreal Can increased its position in MP Materials by 18.5% during the first quarter. Bank of Montreal Can now owns 45,673 shares of the company’s stock valued at $2,576,000 after acquiring an additional 7,124 shares during the last quarter. MetLife Investment Management LLC increased its position in MP Materials by 53.4% during the first quarter. MetLife Investment Management LLC now owns 41,394 shares of the company’s stock valued at $2,374,000 after acquiring an additional 14,406 shares during the last quarter. Rhumbline Advisers increased its position in MP Materials by 8.9% during the first quarter. Rhumbline Advisers now owns 84,009 shares of the company’s stock valued at $4,817,000 after acquiring an additional 6,843 shares during the last quarter. Finally, BlackRock Inc. increased its position in MP Materials by 29.1% during the first quarter. BlackRock Inc. now owns 6,398,647 shares of the company’s stock valued at $366,898,000 after acquiring an additional 1,441,580 shares during the last quarter. Hedge funds and other institutional investors own 52.55% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of MP Materials from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Morgan Stanley cut shares of MP Materials from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $26.00 to $15.50 in a research report on Wednesday, March 13th. JPMorgan Chase & Co. cut their price target on shares of MP Materials from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 23rd. Jefferies Financial Group cut their price target on shares of MP Materials from $36.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, March 19th. Finally, Canaccord Genuity Group cut their price target on shares of MP Materials from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.19.

MP Materials Stock Down 1.8 %

MP Materials stock traded down $0.31 during midday trading on Thursday, hitting $16.47. 1,866,161 shares of the company’s stock were exchanged, compared to its average volume of 3,633,226. The company has a debt-to-equity ratio of 0.50, a quick ratio of 9.54 and a current ratio of 10.42. MP Materials Corp. has a 12 month low of $12.68 and a 12 month high of $26.53. The firm has a 50-day moving average of $15.29 and a two-hundred day moving average of $16.45. The company has a market cap of $2.93 billion, a PE ratio of 127.70 and a beta of 2.41.

MP Materials (NYSE:MP) last issued its earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). MP Materials had a net margin of 9.59% and a return on equity of 3.86%. The company had revenue of $41.21 million for the quarter, compared to analysts’ expectations of $47.40 million. As a group, analysts expect that MP Materials Corp. will post -0.13 earnings per share for the current fiscal year.

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.