US Bancorp DE Grows Stock Position in MP Materials Corp. (NYSE:MP)

US Bancorp DE boosted its position in MP Materials Corp. (NYSE:MPGet Rating) by 34.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,236 shares of the company’s stock after buying an additional 13,729 shares during the quarter. US Bancorp DE’s holdings in MP Materials were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Van ECK Associates Corp increased its position in MP Materials by 1.0% in the third quarter. Van ECK Associates Corp now owns 1,928,997 shares of the company’s stock worth $52,662,000 after buying an additional 19,393 shares during the last quarter. Campbell Newman Asset Management Inc. increased its position in MP Materials by 51.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 50,010 shares of the company’s stock worth $1,365,000 after buying an additional 16,970 shares during the last quarter. Prospera Financial Services Inc increased its position in MP Materials by 1.5% in the third quarter. Prospera Financial Services Inc now owns 27,861 shares of the company’s stock worth $760,000 after buying an additional 409 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in shares of MP Materials by 3.6% in the third quarter. Chartwell Investment Partners LLC now owns 43,820 shares of the company’s stock worth $1,196,000 after acquiring an additional 1,541 shares during the period. Finally, CWM LLC boosted its holdings in shares of MP Materials by 3,456.7% in the third quarter. CWM LLC now owns 3,201 shares of the company’s stock worth $87,000 after acquiring an additional 3,111 shares during the period. 62.84% of the stock is owned by hedge funds and other institutional investors.

MP Materials Trading Up 0.6 %

Shares of MP stock opened at $29.71 on Wednesday. The company has a quick ratio of 17.33, a current ratio of 18.15 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $29.78 and a two-hundred day moving average price of $31.13. MP Materials Corp. has a 12-month low of $23.50 and a 12-month high of $60.19. The firm has a market cap of $5.27 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 2.22 and a beta of 2.76.

MP Materials (NYSE:MPGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $124.45 million for the quarter, compared to the consensus estimate of $118.90 million. MP Materials had a return on equity of 24.79% and a net margin of 50.81%. Equities analysts anticipate that MP Materials Corp. will post 1.28 EPS for the current fiscal year.

Insider Transactions at MP Materials

In other news, Director Financial Lp Qvt sold 100,000 shares of MP Materials stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $31.75, for a total value of $3,175,000.00. Following the transaction, the director now owns 1,124,469 shares in the company, valued at $35,701,890.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Ryan Corbett sold 16,500 shares of the business’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $32.39, for a total transaction of $534,435.00. Following the transaction, the chief financial officer now owns 211,476 shares in the company, valued at approximately $6,849,707.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Financial Lp Qvt sold 100,000 shares of the business’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $31.75, for a total value of $3,175,000.00. Following the transaction, the director now owns 1,124,469 shares in the company, valued at approximately $35,701,890.75. The disclosure for this sale can be found here. Company insiders own 41.30% of the company’s stock.

Wall Street Analysts Forecast Growth

MP has been the subject of a number of analyst reports. Cowen cut their price target on MP Materials to $40.00 in a report on Thursday, October 20th. Canaccord Genuity Group cut their price target on MP Materials from $47.00 to $40.00 in a report on Wednesday, September 28th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, MP Materials currently has a consensus rating of “Buy” and an average price target of $47.39.

MP Materials Profile

(Get Rating)

MP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine located in the Western Hemisphere. The company 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.

Featured Articles

Institutional Ownership by Quarter for MP Materials (NYSE:MP)

Receive News & Ratings for MP Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MP Materials and related companies with MarketBeat.com's FREE daily email newsletter.