Wipfli Financial Advisors LLC Buys Shares of 969 MP Materials Corp. (NYSE:MP)

Wipfli Financial Advisors LLC acquired a new position in shares of MP Materials Corp. (NYSE:MP – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 969 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Byrne Asset Management LLC grew its holdings in MP Materials by 60.5% in the 3rd quarter. Byrne Asset Management LLC now owns 1,059 shares of the company’s stock valued at $29,000 after buying an additional 399 shares in the last quarter. ACG Wealth acquired a new position in MP Materials in the 2nd quarter valued at $38,000. FNY Investment Advisers LLC grew its holdings in MP Materials by 215.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 1,408 shares of the company’s stock valued at $38,000 after buying an additional 961 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in MP Materials by 75,000.0% in the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,502 shares of the company’s stock valued at $41,000 after buying an additional 1,500 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in MP Materials in the 2nd quarter valued at $52,000. Institutional investors own 62.84% of the company’s stock.

MP Materials Stock Performance

NYSE:MP opened at $30.21 on Friday. The stock’s 50-day simple moving average is $29.65 and its 200 day simple moving average is $31.09. The firm has a market capitalization of $5.36 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.22 and a beta of 2.76. The company has a quick ratio of 17.33, a current ratio of 18.15 and a debt-to-equity ratio of 0.55. MP Materials Corp. has a twelve month low of $23.50 and a twelve month high of $60.19.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on MP shares. Cowen decreased their price objective on MP Materials to $40.00 in a report on Thursday, October 20th. Canaccord Genuity Group reduced their target price 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, MP Materials currently has a consensus rating of “Buy” and a consensus target price of $47.39.

Insider Activity at MP Materials

In related news, Director Financial Lp Qvt sold 100,000 shares of the firm’s 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 sale, the director now directly owns 1,124,469 shares of the company’s stock, valued at $35,701,890.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other MP Materials news, Director Financial Lp Qvt sold 100,000 shares of the 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 completion of the transaction, the director now directly owns 1,124,469 shares in the company, valued at $35,701,890.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ryan Corbett sold 16,500 shares of the stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $32.39, for a total value of $534,435.00. Following the completion of the transaction, the chief financial officer now owns 211,476 shares of the company’s stock, valued at $6,849,707.64. The disclosure for this sale can be found here. 41.30% of the stock is currently owned by insiders.

MP Materials Company Profile

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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.