Cerity Partners LLC Invests $211,000 in MP Materials Corp. (NYSE:MP)

Cerity Partners LLC bought a new position in shares of MP Materials Corp. (NYSE:MP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 10,628 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MP. Fifth Third Bancorp increased its holdings in MP Materials by 120.6% in the 3rd quarter. Fifth Third Bancorp now owns 2,074 shares of the company’s stock valued at $40,000 after purchasing an additional 1,134 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of MP Materials by 2,335.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,070 shares of the company’s stock valued at $41,000 after buying an additional 1,985 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of MP Materials by 103.6% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 3,645 shares of the company’s stock valued at $70,000 after buying an additional 1,855 shares during the period. Mendota Financial Group LLC boosted its holdings in MP Materials by 46.8% in the 4th quarter. Mendota Financial Group LLC now owns 3,786 shares of the company’s stock worth $75,000 after acquiring an additional 1,207 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in MP Materials by 34.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 4,742 shares of the company’s stock valued at $94,000 after acquiring an additional 1,227 shares in the last quarter. Institutional investors and hedge funds own 52.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MP. Deutsche Bank Aktiengesellschaft reduced their target price on shares of MP Materials from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, April 11th. Jefferies Financial Group decreased their price target on shares of MP Materials from $36.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, March 19th. Canaccord Genuity Group cut their price target on shares of MP Materials from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, March 13th. JPMorgan Chase & Co. lowered shares of MP Materials from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $20.00 to $16.00 in a report on Tuesday, April 23rd. Finally, Morgan Stanley downgraded shares of MP Materials from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $26.00 to $15.50 in a research report on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.64.

MP Materials Stock Up 2.6 %

MP stock opened at $16.42 on Tuesday. The firm has a fifty day moving average price of $15.24 and a two-hundred day moving average price of $16.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 10.42 and a quick ratio of 9.54. MP Materials Corp. has a 1-year low of $12.68 and a 1-year high of $26.53. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 126.32, a PEG ratio of 7.62 and a beta of 2.42.

MP Materials (NYSE:MP) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). MP Materials had a net margin of 9.59% and a return on equity of 3.86%. The business had revenue of $41.21 million during the quarter, compared to the consensus estimate of $47.40 million. Research analysts predict that MP Materials Corp. will post 0.06 EPS for the current year.

MP Materials Company 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.