MH & Associates Securities Management Corp ADV Acquires Shares of 23,445 MP Materials Corp. $MP

MH & Associates Securities Management Corp ADV acquired a new stake in MP Materials Corp. (NYSE:MP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,445 shares of the company’s stock, valued at approximately $1,184,000.

A number of other institutional investors also recently added to or reduced their stakes in MP. Royal Bank of Canada boosted its holdings in MP Materials by 26.5% in the 1st quarter. Royal Bank of Canada now owns 234,185 shares of the company’s stock valued at $5,716,000 after purchasing an additional 49,052 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of MP Materials during the 1st quarter worth $215,000. Integrated Wealth Concepts LLC purchased a new stake in shares of MP Materials during the 1st quarter worth $219,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of MP Materials by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,793 shares of the company’s stock worth $265,000 after purchasing an additional 479 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of MP Materials by 36.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 193,943 shares of the company’s stock worth $4,734,000 after purchasing an additional 51,348 shares in the last quarter. Hedge funds and other institutional investors own 52.55% of the company’s stock.

Analyst Ratings Changes

MP has been the topic of several research analyst reports. TD Securities upgraded shares of MP Materials to a “strong-buy” rating in a research report on Monday, February 9th. William Blair restated an “outperform” rating on shares of MP Materials in a research report on Wednesday, March 4th. Weiss Ratings restated a “sell (d-)” rating on shares of MP Materials in a research report on Thursday, January 22nd. Wall Street Zen raised MP Materials from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, DA Davidson reissued a “buy” rating and set a $82.00 price target on shares of MP Materials in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $78.91.

MP Materials Price Performance

MP Materials stock opened at $54.59 on Thursday. MP Materials Corp. has a 52 week low of $18.64 and a 52 week high of $100.25. The company has a quick ratio of 6.67, a current ratio of 7.24 and a debt-to-equity ratio of 0.47. The firm’s 50-day simple moving average is $56.97 and its 200 day simple moving average is $61.55. The firm has a market capitalization of $9.70 billion, a PE ratio of -104.99 and a beta of 1.67.

MP Materials (NYSE:MP) last posted its earnings results on Thursday, February 26th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. MP Materials had a negative return on equity of 4.28% and a negative net margin of 38.26%.The firm had revenue of $52.69 million for the quarter, compared to analyst estimates of $76.06 million. During the same quarter in the prior year, the company earned ($0.12) EPS. MP Materials’s revenue was down 13.6% on a year-over-year basis. On average, equities research analysts predict that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

Insider Transactions at MP Materials

In related news, CFO Ryan Corbett sold 46,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $60.00, for a total value of $2,760,000.00. Following the sale, the chief financial officer owned 129,017 shares of the company’s stock, valued at approximately $7,741,020. This represents a 26.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.50% of the company’s stock.

MP Materials Company Profile

MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.

The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.