6 days Ago By Defense World Staff
Sei Investments Co. bought a new position in MP Materials Corp. (NYSE:MP – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm bought 10,030 shares of the company’s stock, valued at approximately $156,000. A number of other institutional investors have also made changes to their positions in the company. SBI Securities Co.
Ltd. acquired a new position in MP Materials in the fourth quarter worth $40,000. Geneos Wealth Management Inc.
lifted its position in shares of MP Materials by 205.4% in the 4th quarter. Geneos Wealth Management Inc.
now owns 2,749 shares of the company’s stock worth $43,000 after buying an additional 1,849 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of MP Materials by 204.7% in the 4th quarter.
Nisa Investment Advisors LLC now owns 3,275 shares of the company’s stock valued at $51,000 after buying an additional 2,200 shares during the period. GAMMA Investing LLC grew its position in shares of MP Materials by 69.3% during the 4th quarter.
GAMMA Investing LLC now owns 3,775 shares of the company’s stock valued at $59,000 after buying an additional 1,545 shares during the last quarter. Finally, IMG Wealth Management Inc. acquired a new stake in MP Materials during the fourth quarter worth about $66,000.
52.55% of the stock is currently owned by institutional investors. MP Materials Stock Down 3.
8 %Shares of MP Materials stock opened at $22.65 on Friday. The company has a debt-to-equity ratio of 0.
88, a current ratio of 6.93 and a quick ratio of 6.13.
MP Materials Corp. has a 1-year low of $10.02 and a 1-year high of $27.
29. The business’s fifty day moving average price is $24.45 and its two-hundred day moving average price is $20.
91. The company has a market capitalization of $3.70 billion, a P/E ratio of -38.
38 and a beta of 2.24. MP Materials (NYSE:MP – Get Free Report) last issued its quarterly earnings data on Thursday, February 20th.
The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.
05). The company had revenue of $60.99 million for the quarter, compared to the consensus estimate of $50.
71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.
44%. As a group, research analysts forecast that MP Materials Corp. will post -0.
19 EPS for the current year. Analyst Ratings ChangesA number of brokerages have commented on MP. BMO Capital Markets lifted their target price on MP Materials from $22.
00 to $29.00 and gave the company a “market perform” rating in a research note on Thursday, March 20th. DA Davidson upped their price objective on MP Materials from $25.
00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock.
According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.61.
Read Our Latest Stock Analysis on MP MaterialsInsider Transactions at MP MaterialsIn other news, CFO Ryan Corbett sold 60,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.51, for a total transaction of $1,530,600.
00. Following the completion of the transaction, the chief financial officer now owns 230,100 shares in the company, valued at approximately $5,869,851. This trade represents a 20.
68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO James H.
Litinsky sold 386,223 shares of MP Materials stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $24.01, for a total transaction of $9,273,214.
23. Following the completion of the transaction, the chief executive officer now directly owns 15,643,076 shares in the company, valued at $375,590,254.76.
This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here.
In the last three months, insiders sold 1,130,835 shares of company stock valued at $29,165,987. Company insiders own 12.60% of the company’s stock.
MP Materials Profile (Free Report)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.Further ReadingFive stocks we like better than MP Materials3 Fintech Stocks With Good 2021 ProspectsJPMorgan is a Buy, if You Can Handle The Volatility ESG Stocks, What Investors Should KnowUnited States Steel’s Crash: An Unmissable Buying OpportunityAbout the Markup CalculatorRocket Lab Stock: Weathering the Storm, Time for a Comeback?Want to see what other hedge funds are holding MP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MP Materials Corp.
(NYSE:MP – Free Report)..
