MP Materials Corp. (MP)

Natixis Advisors L.P. Buys 4,467 Shares of MP Materials Corp. (NYSE:MP)

Natixis Advisors L.P. grew its stake in MP Materials Corp. (NYSE:MP – Free Report) by 37.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,306 shares of the company’s stock after buying an additional 4,467 shares during the period. Natixis Advisors L.P.’s holdings in MP Materials were worth $323,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in MP Materials by 25.3% during the 3rd quarter. Vanguard Group Inc. now owns 13,380,831 shares of the company’s stock worth $255,574,000 after acquiring an additional 2,697,925 shares during the period. Baillie Gifford & Co. increased its holdings in MP Materials by 26.2% in the fourth quarter. Baillie Gifford & Co. now owns 2,960,001 shares of the company’s stock worth $58,756,000 after purchasing an additional 614,088 shares in the last quarter. Van ECK Associates Corp lifted its stake in MP Materials by 20.0% in the third quarter. Van ECK Associates Corp now owns 2,710,453 shares of the company’s stock valued at $51,770,000 after buying an additional 452,501 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of MP Materials by 51.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,174,629 shares of the company’s stock worth $22,435,000 after buying an additional 401,071 shares in the last quarter. Finally, Regal Partners Ltd grew its position in shares of MP Materials by 3,092.1% during the 3rd quarter. Regal Partners Ltd now owns 391,835 shares of the company’s stock worth $7,484,000 after buying an additional 379,560 shares during the period. 52.55% of the stock is currently owned by institutional investors. Insider Activity at MP Materials In related news, Director Andrew A. Mcknight sold 317,750 shares of the stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 33.87% of the stock is owned by company insiders. Analyst Upgrades and Downgrades Several brokerages recently issued reports on MP. Benchmark reissued a “buy” rating and set a $30.00 target price on shares of MP Materials in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft cut their price target on MP Materials from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday, April 11th. JPMorgan Chase & Co. lowered MP Materials from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $16.00 in a research report on Tuesday, April 23rd. Morgan Stanley downgraded shares of MP Materials from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $26.00 to $15.50 in a research report on Wednesday, March 13th. Finally, Canaccord Genuity Group lowered their price objective on shares of MP Materials from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $23.64. Get Our Latest Analysis on MP Materials MP Materials Stock Up 0.9 % Shares of NYSE:MP opened at $18.25 on Monday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -121.66 and a beta of 2.31. The company has a current ratio of 10.29, a quick ratio of 9.28 and a debt-to-equity ratio of 0.82. MP Materials Corp. has a 12-month low of $12.68 and a 12-month high of $26.53. The stock has a fifty day simple moving average of $15.61 and a two-hundred day simple moving average of $16.33. MP Materials (NYSE:MP – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $41.21 million for the quarter, compared to analysts’ expectations of $47.40 million. MP Materials had a net margin of 1.62% and a negative return on equity of 0.61%. On average, research analysts anticipate that MP Materials Corp. will post -0.17 earnings per share for the current fiscal year. 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.