MP Materials Corp. (NYSE:MP) Shares Purchased by Archford Capital Strategies LLC

Archford Capital Strategies LLC grew its stake in shares of MP Materials Corp. (NYSE:MP) by 29.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,118 shares of the company’s stock after purchasing an additional 4,852 shares during the quarter. Archford Capital Strategies LLC’s holdings in MP Materials were worth $329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in MP Materials by 136.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,230 shares of the company’s stock worth $39,000 after buying an additional 1,285 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of MP Materials by 205.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,749 shares of the company’s stock worth $43,000 after acquiring an additional 1,849 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in MP Materials by 204.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,275 shares of the company’s stock valued at $51,000 after purchasing an additional 2,200 shares during the last quarter. Signaturefd LLC boosted its holdings in MP Materials by 817.5% in the third quarter. Signaturefd LLC now owns 3,661 shares of the company’s stock valued at $65,000 after purchasing an additional 3,262 shares during the last quarter. Finally, KBC Group NV grew its stake in MP Materials by 35.7% during the 3rd quarter. KBC Group NV now owns 4,733 shares of the company’s stock valued at $84,000 after purchasing an additional 1,246 shares in the last quarter. Hedge funds and other institutional investors own 52.55% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MP shares. DA Davidson increased their target price on MP Materials from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Canaccord Genuity Group increased 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. JPMorgan Chase & Co. boosted their target price on shares of MP Materials from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, BMO Capital Markets increased their price target on shares of MP Materials from $16.00 to $18.50 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.10.

MP Materials Stock Performance

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

MP Materials (NYSE:MP) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $62.93 million for the quarter, compared to analyst estimates of $45.30 million. During the same quarter in the prior year, the firm earned $0.02 EPS. As a group, sell-side analysts forecast that MP Materials Corp. will post -0.54 earnings per share for the current year.

Insider Transactions at MP Materials

In other news, CFO Ryan Corbett sold 15,195 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $18.30, for a total value of $278,068.50. Following the completion of the transaction, the chief financial officer now owns 295,021 shares of the company’s stock, valued at approximately $5,398,884.30. This represents a 4.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO James H. Litinsky sold 234,667 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $20.68, for a total value of $4,852,913.56. Following the transaction, the chief executive officer now directly owns 17,608,409 shares in the company, valued at $364,141,898.12. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 884,862 shares of company stock worth $17,484,482. 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.