MP Materials Corp. (NYSE:MP) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in MP Materials Corp. (NYSE:MP) by 3,803.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,060 shares of the company’s stock after buying an additional 3,956 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MP Materials were worth $52,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of MP Materials by 2,536.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,661,887 shares of the company’s stock valued at $23,767,000 after buying an additional 1,598,861 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of MP Materials by 59.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,314,985 shares of the company’s stock valued at $45,956,000 after purchasing an additional 860,960 shares during the last quarter. Norges Bank acquired a new position in MP Materials during the fourth quarter worth $10,484,000. Van ECK Associates Corp grew its holdings in MP Materials by 15.2% in the 4th quarter. Van ECK Associates Corp now owns 3,122,224 shares of the company’s stock valued at $61,976,000 after buying an additional 411,771 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of MP Materials by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 13,635,712 shares of the company’s stock worth $270,669,000 after acquiring an additional 254,881 shares during the last quarter. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. BMO Capital Markets started coverage on shares of MP Materials in a research note on Monday, July 15th. They issued a “market perform” rating and a $16.50 price target for the company. Deutsche Bank Aktiengesellschaft cut their price objective on MP Materials from $13.50 to $12.50 and set a “hold” rating for the company in a research report on Tuesday, August 6th. JPMorgan Chase & Co. dropped their price target on shares of MP Materials from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. Robert W. Baird lowered their price objective on shares of MP Materials from $24.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, July 15th. Finally, Morgan Stanley cut their target price on MP Materials from $15.50 to $14.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.22.

MP Materials Price Performance

Shares of NYSE MP opened at $12.95 on Monday. The stock’s 50-day moving average is $13.16 and its two-hundred day moving average is $14.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 10.29 and a quick ratio of 9.28. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -86.33 and a beta of 2.22. MP Materials Corp. has a 1-year low of $10.02 and a 1-year high of $22.81.

MP Materials (NYSE:MP) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.08). MP Materials had a negative return on equity of 4.13% and a negative net margin of 21.94%. The firm had revenue of $31.26 million during the quarter, compared to analysts’ expectations of $40.03 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s revenue was down 51.2% compared to the same quarter last year. Analysts forecast that MP Materials Corp. will post -0.34 EPS for the current fiscal year.

Insider Activity

In other MP Materials news, COO Michael Stuart Rosenthal acquired 30,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $10.84 per share, with a total value of $325,200.00. Following the transaction, the chief operating officer now owns 1,402,975 shares in the company, valued at approximately $15,208,249. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, COO Michael Stuart Rosenthal acquired 30,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $10.84 per share, with a total value of $325,200.00. Following the completion of the acquisition, the chief operating officer now owns 1,402,975 shares in the company, valued at $15,208,249. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ryan Corbett sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $16.93, for a total transaction of $846,500.00. Following the completion of the transaction, the chief financial officer now owns 325,021 shares of the company’s stock, valued at approximately $5,502,605.53. The disclosure for this sale can be found here. Company insiders own 12.60% of the company’s stock.

About MP Materials

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.