Universal Beteiligungs und Servicegesellschaft mbH Has $8.37 Million Stock Holdings in MP Materials Corp. $MP

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of MP Materials Corp. (NYSE:MP) by 368.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,844 shares of the company’s stock after buying an additional 98,204 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of MP Materials worth $8,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Sound Income Strategies LLC grew its stake in MP Materials by 420.0% during the 3rd quarter. Sound Income Strategies LLC now owns 364 shares of the company’s stock valued at $26,000 after acquiring an additional 294 shares in the last quarter. Grove Bank & Trust acquired a new stake in shares of MP Materials during the third quarter worth approximately $34,000. SJS Investment Consulting Inc. grew its position in MP Materials by 4,600.0% during the third quarter. SJS Investment Consulting Inc. now owns 564 shares of the company’s stock valued at $38,000 after purchasing an additional 552 shares in the last quarter. Hilltop National Bank grew its position in MP Materials by 500.0% during the third quarter. Hilltop National Bank now owns 600 shares of the company’s stock valued at $40,000 after purchasing an additional 500 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its position in MP Materials by 168.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 806 shares of the company’s stock worth $27,000 after buying an additional 506 shares in the last quarter. 52.55% of the stock is owned by hedge funds and other institutional investors.

MP Materials Trading Up 1.7%

MP Materials stock opened at $69.56 on Monday. MP Materials Corp. has a one year low of $18.64 and a one year high of $100.25. The company’s fifty day moving average price is $59.21 and its two-hundred day moving average price is $64.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 8.05 and a quick ratio of 7.51. The company has a market capitalization of $12.33 billion, a price-to-earnings ratio of -97.97 and a beta of 1.62.

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

Insider Buying and Selling

In other MP Materials news, CFO Ryan Corbett sold 38,146 shares of the stock in a transaction that occurred 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 owned 156,666 shares in the company, valued at $9,399,960. This trade represents a 19.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James H. Litinsky sold 272,600 shares of MP Materials stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $64.17, for a total transaction of $17,492,742.00. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 991,557 shares of company stock valued at $62,785,202 in the last ninety days. Company insiders own 12.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MP shares. Deutsche Bank Aktiengesellschaft upgraded shares of MP Materials from a “hold” rating to a “buy” rating and boosted their price target for the company from $68.00 to $71.00 in a report on Monday, November 10th. Wall Street Zen downgraded MP Materials from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. William Blair started coverage on MP Materials in a research report on Tuesday, January 13th. They issued an “outperform” rating on the stock. BMO Capital Markets raised MP Materials from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $76.00 to $75.00 in a research note on Monday, November 24th. Finally, Bank of America lifted their price target on MP Materials from $78.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.91.

MP Materials Company Profile

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.