Yeomans Consulting Group Inc. Makes New $287,000 Investment in MP Materials Corp. $MP

Yeomans Consulting Group Inc. acquired a new position in shares of MP Materials Corp. (NYSE:MP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,108 shares of the company’s stock, valued at approximately $287,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in MP Materials by 2.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,955 shares of the company’s stock valued at $412,000 after purchasing an additional 358 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of MP Materials by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,793 shares of the company’s stock valued at $265,000 after buying an additional 479 shares during the last quarter. CWM LLC grew its stake in shares of MP Materials by 16.5% in the first quarter. CWM LLC now owns 3,566 shares of the company’s stock valued at $87,000 after buying an additional 505 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in MP Materials by 168.7% during the second quarter. AdvisorNet Financial Inc now owns 806 shares of the company’s stock worth $27,000 after buying an additional 506 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its position in MP Materials by 51.0% during the second quarter. Harbor Investment Advisory LLC now owns 1,510 shares of the company’s stock worth $50,000 after acquiring an additional 510 shares in the last quarter. Institutional investors and hedge funds own 52.55% of the company’s stock.

MP Materials Price Performance

MP Materials stock opened at $71.08 on Friday. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of -112.83 and a beta of 2.32. The company has a current ratio of 3.60, a quick ratio of 3.12 and a debt-to-equity ratio of 0.83. MP Materials Corp. has a 12 month low of $15.56 and a 12 month high of $82.50. The stock’s 50 day moving average is $68.54 and its 200-day moving average is $43.03.

MP Materials (NYSE:MP) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. MP Materials had a negative return on equity of 9.34% and a negative net margin of 41.87%.The business had revenue of $57.39 million during the quarter, compared to the consensus estimate of $44.84 million. During the same period in the previous year, the company posted ($0.17) EPS. The firm’s quarterly revenue was up 83.6% on a year-over-year basis. Equities research analysts expect that MP Materials Corp. will post -0.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MP. Morgan Stanley set a $65.00 price objective on shares of MP Materials and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Cowen reissued a “buy” rating on shares of MP Materials in a research report on Friday, August 8th. Cfra Research upgraded MP Materials to a “moderate buy” rating in a research note on Monday, August 11th. Daiwa America upgraded MP Materials to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on MP Materials from $20.00 to $69.00 and gave the company a “hold” rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.33.

Insider Activity

In related news, COO Michael Stuart Rosenthal sold 150,000 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $72.02, for a total value of $10,803,000.00. Following the transaction, the chief operating officer directly owned 1,284,409 shares in the company, valued at approximately $92,503,136.18. This represents a 10.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 9.50% 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.