Segall Bryant & Hamill LLC reduced its holdings in shares of MP Materials Corp. (NYSE:MP - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,236,285 shares of the company's stock after selling 9,511 shares during the period. Segall Bryant & Hamill LLC owned 0.76% of MP Materials worth $19,286,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in MP Materials during the fourth quarter worth $6,284,000. Proficio Capital Partners LLC bought a new position in shares of MP Materials during the 4th quarter worth about $399,000. Oak Family Advisors LLC acquired a new stake in shares of MP Materials in the 4th quarter valued at about $530,000. SG Americas Securities LLC increased its position in MP Materials by 167.3% in the 4th quarter. SG Americas Securities LLC now owns 35,902 shares of the company's stock valued at $560,000 after buying an additional 22,473 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in MP Materials in the 3rd quarter valued at about $2,300,000. 52.55% of the stock is owned by institutional investors.
MP Materials Stock Down 0.8 %
NYSE:MP traded down $0.20 during trading hours on Friday, hitting $25.97. 3,137,323 shares of the company traded hands, compared to its average volume of 3,186,768. The company has a quick ratio of 6.13, a current ratio of 6.93 and a debt-to-equity ratio of 0.88. The company has a market cap of $4.24 billion, a PE ratio of -44.02 and a beta of 2.32. The firm's 50-day simple moving average is $23.96 and its 200-day simple moving average is $20.22. MP Materials Corp. has a one year low of $10.02 and a one year high of $27.29.
MP Materials (NYSE:MP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. The firm had revenue of $60.99 million for the quarter, compared to the consensus estimate of $50.71 million. Equities analysts predict that MP Materials Corp. will post -0.19 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. DA Davidson raised their price objective on MP Materials from $25.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets lifted their price target on shares of MP Materials from $22.00 to $29.00 and gave the company a "market perform" rating in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.61.
Check Out Our Latest Analysis on MP Materials
Insiders Place Their Bets
In related news, CEO James H. Litinsky sold 386,223 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $24.01, for a total transaction of $9,273,214.23. Following the completion of the sale, the chief executive officer now owns 15,643,076 shares in the company, valued at approximately $375,590,254.76. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ryan Corbett sold 15,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.00, for a total transaction of $405,000.00. Following the completion of the transaction, the chief financial officer now owns 214,812 shares in the company, valued at approximately $5,799,924. The trade was a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,130,835 shares of company stock valued at $29,165,987 in the last 90 days. 12.60% of the stock is currently owned by corporate insiders.
MP Materials Profile
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Free Report)
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.
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