MP Materials Corp. $MP Stock Holdings Boosted by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its position in MP Materials Corp. (NYSE:MP) by 256.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,615 shares of the company’s stock after buying an additional 7,640 shares during the period. Nisa Investment Advisors LLC’s holdings in MP Materials were worth $712,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MP. Caxton Associates LLP acquired a new stake in MP Materials in the 2nd quarter valued at about $132,238,000. National Bank of Canada FI grew its position in MP Materials by 19,314.3% in the second quarter. National Bank of Canada FI now owns 2,013,462 shares of the company’s stock worth $66,987,000 after buying an additional 2,003,091 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of MP Materials by 76.3% in the second quarter. BNP Paribas Financial Markets now owns 2,921,542 shares of the company’s stock valued at $97,200,000 after buying an additional 1,264,243 shares in the last quarter. Groupama Asset Managment acquired a new stake in shares of MP Materials during the 2nd quarter valued at $19,962,000. Finally, Man Group plc bought a new stake in shares of MP Materials during the 2nd quarter worth $16,140,000. Institutional investors own 52.55% of the company’s stock.

MP Materials Price Performance

Shares of NYSE:MP opened at $66.55 on Friday. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of -93.74 and a beta of 1.62. MP Materials Corp. has a 1 year low of $18.64 and a 1 year high of $100.25. The company has a current ratio of 8.05, a quick ratio of 7.51 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $58.23 and a 200 day simple moving average of $62.57.

MP Materials (NYSE:MP) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.05. MP Materials had a negative return on equity of 7.69% and a negative net margin of 50.55%.The business had revenue of $53.55 million during the quarter, compared to analysts’ expectations of $49.72 million. During the same quarter in the previous year, the business posted ($0.12) EPS. The firm’s quarterly revenue was down 14.9% compared to the same quarter last year. As a group, sell-side analysts predict that MP Materials Corp. will post -0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MP shares. William Blair started coverage on MP Materials in a research report on Tuesday. They set an “outperform” rating on the stock. BMO Capital Markets upgraded shares of MP Materials from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $76.00 to $75.00 in a report on Monday, November 24th. Daiwa Capital Markets began coverage on shares of MP Materials in a research report on Monday, September 22nd. They issued an “outperform” rating and a $80.00 target price on the stock. Wall Street Zen downgraded shares of MP Materials from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, JPMorgan Chase & Co. raised shares of MP Materials from a “neutral” rating to an “overweight” rating and cut their target price for the company from $75.00 to $74.00 in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.91.

Insider Activity at MP Materials

In related news, CEO James H. Litinsky sold 272,600 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $64.17, for a total value of $17,492,742.00. Following the completion of the sale, the chief executive officer directly owned 12,805,965 shares in the company, valued at approximately $821,758,774.05. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ryan Corbett sold 38,146 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $60.00, for a total transaction of $2,288,760.00. Following the transaction, the chief financial officer directly owned 156,666 shares in the company, valued at $9,399,960. The trade was a 19.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 991,557 shares of company stock valued at $62,785,202 over the last three months. Insiders own 9.50% of the company’s stock.

About MP Materials

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.