969 Shares in MP Materials Corp. (NYSE:MP) Acquired by Wipfli Financial Advisors LLC

Wipfli Financial Advisors LLC bought a new position in shares of MP Materials Corp. (NYSE:MPGet Rating) in the 3rd quarter, Holdings Channel reports. The fund bought 969 shares of the company’s stock, valued at approximately $26,000.

Several other large investors have also added to or reduced their stakes in the business. Jaffetilchin Investment Partners LLC grew its stake in MP Materials by 1.7% in the first quarter. Jaffetilchin Investment Partners LLC now owns 17,699 shares of the company’s stock valued at $603,000 after acquiring an additional 294 shares during the period. Exchange Traded Concepts LLC grew its stake in MP Materials by 17.5% in the second quarter. Exchange Traded Concepts LLC now owns 2,286 shares of the company’s stock valued at $73,000 after acquiring an additional 341 shares during the period. Bard Financial Services Inc. grew its stake in MP Materials by 5.0% in the third quarter. Bard Financial Services Inc. now owns 7,875 shares of the company’s stock valued at $215,000 after acquiring an additional 375 shares during the period. Byrne Asset Management LLC grew its stake in MP Materials by 60.5% in the third quarter. Byrne Asset Management LLC now owns 1,059 shares of the company’s stock valued at $29,000 after acquiring an additional 399 shares during the period. Finally, Natixis Advisors L.P. grew its stake in MP Materials by 2.3% in the second quarter. Natixis Advisors L.P. now owns 18,810 shares of the company’s stock valued at $603,000 after acquiring an additional 416 shares during the period. Institutional investors and hedge funds own 62.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MP. Canaccord Genuity Group reduced their price objective on MP Materials from $47.00 to $40.00 in a research note on Wednesday, September 28th. Cowen reduced their price objective on MP Materials to $40.00 in a research note on Thursday, October 20th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $47.39.

MP Materials Stock Up 5.3 %

Shares of NYSE:MP opened at $30.21 on Friday. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 21.27, a PEG 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 12-month low of $23.50 and a 12-month high of $60.19. The business’s 50 day moving average is $29.65 and its 200 day moving average is $31.09.

MP Materials (NYSE:MPGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $124.45 million for the quarter, compared to analysts’ expectations of $118.90 million. MP Materials had a return on equity of 24.79% and a net margin of 50.81%. On average, sell-side analysts forecast that MP Materials Corp. will post 1.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Financial Lp Qvt sold 100,000 shares of MP Materials stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $31.75, for a total transaction of $3,175,000.00. Following the sale, the director now directly owns 1,124,469 shares in the company, valued at $35,701,890.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Ryan Corbett sold 16,500 shares of MP Materials stock in a transaction on Friday, November 18th. The stock was sold at an average price of $32.39, for a total transaction of $534,435.00. Following the sale, the chief financial officer now directly owns 211,476 shares in the company, valued at $6,849,707.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Financial Lp Qvt sold 100,000 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $31.75, for a total value of $3,175,000.00. Following the completion of the sale, the director now owns 1,124,469 shares in the company, valued at $35,701,890.75. The disclosure for this sale can be found here. 41.30% of the stock is currently owned by corporate insiders.

About MP Materials

(Get Rating)

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.

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Institutional Ownership by Quarter for MP Materials (NYSE:MP)

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