SG Americas Securities LLC Increases Stock Holdings in MP Materials Corp. (NYSE:MP)

SG Americas Securities LLC boosted its position in shares of MP Materials Corp. (NYSE:MP) by 167.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,902 shares of the company’s stock after purchasing an additional 22,473 shares during the period. SG Americas Securities LLC’s holdings in MP Materials were worth $560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MP. Victory Capital Management Inc. increased its position in shares of MP Materials by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,359,092 shares of the company’s stock worth $41,638,000 after purchasing an additional 28,697 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in MP Materials by 32.7% in the third quarter. Segall Bryant & Hamill LLC now owns 1,245,796 shares of the company’s stock valued at $21,988,000 after buying an additional 306,933 shares during the last quarter. Clearbridge Investments LLC boosted its stake in MP Materials by 26.3% during the second quarter. Clearbridge Investments LLC now owns 847,240 shares of the company’s stock worth $10,785,000 after buying an additional 176,219 shares during the period. Millennium Management LLC increased its position in shares of MP Materials by 425.5% during the second quarter. Millennium Management LLC now owns 801,328 shares of the company’s stock valued at $10,201,000 after acquiring an additional 648,838 shares during the last quarter. Finally, Bernzott Capital Advisors raised its stake in shares of MP Materials by 43.4% in the 3rd quarter. Bernzott Capital Advisors now owns 689,270 shares of the company’s stock valued at $12,166,000 after acquiring an additional 208,586 shares during the period. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MP shares. JPMorgan Chase & Co. lifted their target price on shares of MP Materials from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, October 21st. BMO Capital Markets raised their price target on MP Materials from $19.50 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Finally, Canaccord Genuity Group boosted their price objective on MP Materials from $23.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, MP Materials has an average rating of “Moderate Buy” and a consensus price target of $22.45.

Insiders Place Their Bets

In other news, CFO Ryan Corbett sold 15,195 shares of the company’s stock in a transaction on Monday, November 18th. The shares were 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 in the company, valued at approximately $5,398,884.30. This represents a 4.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James H. Litinsky sold 234,667 shares of MP Materials stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $20.68, for a total transaction of $4,852,913.56. Following the sale, the chief executive officer now owns 17,608,409 shares in the company, valued at $364,141,898.12. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 884,862 shares of company stock worth $17,484,482 in the last 90 days. Corporate insiders own 12.60% of the company’s stock.

MP Materials Trading Up 0.6 %

NYSE:MP opened at $21.87 on Friday. MP Materials Corp. has a 12-month low of $10.02 and a 12-month high of $24.01. The firm has a market cap of $3.57 billion, a PE ratio of -40.50 and a beta of 2.31. The company has a current ratio of 6.93, a quick ratio of 6.13 and a debt-to-equity ratio of 0.88. The stock has a fifty day moving average price of $19.43 and a 200 day moving average price of $16.86.

MP Materials (NYSE:MP) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The company had revenue of $62.93 million for the quarter, compared to analyst estimates of $45.30 million. MP Materials had a negative return on equity of 6.78% and a negative net margin of 32.24%. During the same period in the prior year, the firm posted $0.02 earnings per share. Sell-side analysts anticipate that MP Materials Corp. will post -0.54 earnings per share for the current fiscal year.

About MP Materials

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.