Great Valley Advisor Group Inc. Has $1.04 Million Position in MP Materials Corp. (NYSE:MP)

Great Valley Advisor Group Inc. grew its holdings in MP Materials Corp. (NYSE:MP) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,297 shares of the company’s stock after purchasing an additional 5,249 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in MP Materials were worth $1,035,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in MP Materials in the fourth quarter worth $26,000. TFO Wealth Partners LLC lifted its stake in shares of MP Materials by 153,700.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,538 shares of the company’s stock valued at $31,000 after acquiring an additional 1,537 shares during the period. CWM LLC lifted its stake in shares of MP Materials by 85.0% during the fourth quarter. CWM LLC now owns 1,667 shares of the company’s stock valued at $33,000 after acquiring an additional 766 shares during the period. Global Retirement Partners LLC lifted its stake in shares of MP Materials by 2,316.7% during the first quarter. Global Retirement Partners LLC now owns 2,320 shares of the company’s stock valued at $33,000 after acquiring an additional 2,224 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of MP Materials by 2,335.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,070 shares of the company’s stock valued at $41,000 after acquiring an additional 1,985 shares during the period. Institutional investors and hedge funds own 52.55% of the company’s stock.

MP Materials Trading Up 1.1 %

Shares of MP Materials stock traded up $0.13 during trading hours on Wednesday, hitting $11.57. The company’s stock had a trading volume of 1,266,873 shares, compared to its average volume of 3,308,146. MP Materials Corp. has a 12 month low of $10.02 and a 12 month high of $22.81. The stock has a 50 day moving average of $13.52 and a 200 day moving average of $15.02. The company has a market capitalization of $1.91 billion, a PE ratio of -76.27 and a beta of 2.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 10.29 and a quick ratio of 9.28.

MP Materials (NYSE:MP) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.08). MP Materials had a negative return on equity of 4.13% and a negative net margin of 21.94%. The business had revenue of $31.26 million during the quarter, compared to the consensus estimate of $40.03 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue was down 51.2% compared to the same quarter last year. Analysts predict that MP Materials Corp. will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MP. Morgan Stanley cut their price target on MP Materials from $15.50 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, June 21st. Bank of America cut their price target on MP Materials from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft cut their price target on MP Materials from $13.50 to $12.50 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Robert W. Baird cut their target price on MP Materials from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Finally, JPMorgan Chase & Co. cut their target price on MP Materials from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, MP Materials currently has an average rating of “Moderate Buy” and an average target price of $20.22.

Insiders Place Their Bets

In other MP Materials news, Director Andrew A. Mcknight sold 317,750 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.07, for a total value of $5,741,742.50. Following the completion of the sale, the director now directly owns 86,000 shares in the company, valued at $1,554,020. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Michael Stuart Rosenthal acquired 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $10.84 per share, for a total transaction of $325,200.00. Following the completion of the acquisition, the chief operating officer now owns 1,402,975 shares in the company, valued at $15,208,249. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew A. Mcknight sold 317,750 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.07, for a total value of $5,741,742.50. Following the transaction, the director now owns 86,000 shares of the company’s stock, valued at $1,554,020. The disclosure for this sale can be found here. 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.