MP Materials Corp. (NYSE:MP) Shares Acquired by 180 Wealth Advisors LLC

180 Wealth Advisors LLC grew its holdings in MP Materials Corp. (NYSE:MP) by 7.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,210 shares of the company’s stock after buying an additional 4,420 shares during the period. 180 Wealth Advisors LLC’s holdings in MP Materials were worth $779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Systems of Alabama boosted its stake in MP Materials by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 180,391 shares of the company’s stock worth $3,581,000 after buying an additional 723 shares during the period. CWM LLC grew its holdings in shares of MP Materials by 85.0% in the fourth quarter. CWM LLC now owns 1,667 shares of the company’s stock valued at $33,000 after purchasing an additional 766 shares in the last quarter. Amalgamated Bank grew its holdings in shares of MP Materials by 1.0% in the fourth quarter. Amalgamated Bank now owns 84,408 shares of the company’s stock valued at $1,675,000 after purchasing an additional 798 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of MP Materials by 2.3% in the first quarter. State of Michigan Retirement System now owns 35,400 shares of the company’s stock valued at $506,000 after purchasing an additional 800 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of MP Materials by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 41,500 shares of the company’s stock valued at $593,000 after purchasing an additional 1,000 shares in the last quarter. 52.55% of the stock is currently owned by institutional investors and hedge funds.

MP Materials Price Performance

Shares of MP stock traded up $0.75 during trading hours on Thursday, hitting $12.35. 2,662,545 shares of the company’s stock were exchanged, compared to its average volume of 3,312,404. The stock’s 50-day moving average is $13.44 and its 200-day moving average is $15.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 10.29 and a quick ratio of 9.28. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -77.47 and a beta of 2.22. MP Materials Corp. has a 52 week low of $10.02 and a 52 week high of $22.81.

MP Materials (NYSE:MP) last released its earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.08). MP Materials had a negative net margin of 21.94% and a negative return on equity of 4.13%. The company had revenue of $31.26 million during the quarter, compared to analyst estimates of $40.03 million. During the same period in the previous year, the company posted $0.07 EPS. The company’s quarterly revenue was down 51.2% compared to the same quarter last year. As a group, research analysts forecast that MP Materials Corp. will post -0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MP shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of MP Materials from $13.50 to $12.50 and set a “hold” rating for the company in a report on Tuesday, August 6th. BMO Capital Markets assumed coverage on shares of MP Materials in a research note on Monday, July 15th. They set a “market perform” rating and a $16.50 price target on the stock. Bank of America lowered their price objective on shares of MP Materials from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. Benchmark reaffirmed a “buy” rating and set a $30.00 price target on shares of MP Materials in a research note on Friday, August 2nd. Finally, Morgan Stanley cut their price objective on shares of MP Materials from $15.50 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.22.

Insider Buying and Selling at MP Materials

In other MP Materials news, COO Michael Stuart Rosenthal acquired 30,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $10.84 per share, with a total value of $325,200.00. Following the completion of the transaction, the chief operating officer now directly owns 1,402,975 shares in the company, valued at approximately $15,208,249. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other MP Materials news, COO Michael Stuart Rosenthal purchased 30,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $10.84 per share, with a total value of $325,200.00. Following the acquisition, the chief operating officer now owns 1,402,975 shares of the company’s stock, valued at $15,208,249. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ryan Corbett sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $16.93, for a total value of $846,500.00. Following the transaction, the chief financial officer now directly owns 325,021 shares of the company’s stock, valued at approximately $5,502,605.53. 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.