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

MH & Associates Securities Management Corp ADV bought a new stake in MP Materials Corp. (NYSE:MP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,445 shares of the company’s stock, valued at approximately $1,184,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MP. Wolff Wiese Magana LLC increased its stake in shares of MP Materials by 28.1% in the third quarter. Wolff Wiese Magana LLC now owns 806 shares of the company’s stock worth $54,000 after buying an additional 177 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in shares of MP Materials by 1.0% in the third quarter. Miracle Mile Advisors LLC now owns 18,162 shares of the company’s stock worth $1,218,000 after buying an additional 188 shares during the last quarter. Wedmont Private Capital increased its stake in shares of MP Materials by 1.7% in the third quarter. Wedmont Private Capital now owns 11,824 shares of the company’s stock worth $872,000 after buying an additional 195 shares during the last quarter. IMG Wealth Management Inc. increased its stake in shares of MP Materials by 4.7% in the third quarter. IMG Wealth Management Inc. now owns 4,446 shares of the company’s stock worth $298,000 after buying an additional 200 shares during the last quarter. Finally, Rothschild Investment LLC increased its stake in shares of MP Materials by 4.0% in the third quarter. Rothschild Investment LLC now owns 5,252 shares of the company’s stock worth $352,000 after buying an additional 202 shares during the last quarter. 52.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of MP Materials in a research note on Thursday, January 22nd. DA Davidson reissued a “buy” rating and issued a $82.00 price objective on shares of MP Materials in a report on Wednesday, March 11th. Wall Street Zen raised MP Materials from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. TD Securities raised MP Materials to a “strong-buy” rating in a report on Monday, February 9th. Finally, William Blair reissued an “outperform” rating on shares of MP Materials in a report on Wednesday, March 4th. Two 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 currently has a consensus rating of “Buy” and an average price target of $78.91.

MP Materials Stock Up 10.3%

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

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

Insider Activity at MP Materials

In other news, CFO Ryan Corbett sold 46,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $60.00, for a total transaction of $2,760,000.00. Following the completion of the transaction, the chief financial officer owned 129,017 shares in the company, valued at approximately $7,741,020. This represents a 26.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.