15,805 Shares in MP Materials Corp. (NYSE:MP) Bought by Natixis Advisors LLC

Natixis Advisors LLC bought a new stake in shares of MP Materials Corp. (NYSE:MP) during the 1st quarter, Holdings Channel reports. The institutional investor bought 15,805 shares of the company’s stock, valued at approximately $386,000.

Other hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. grew its holdings in MP Materials by 119,900.0% in the first quarter. NBC Securities Inc. now owns 1,200 shares of the company’s stock valued at $29,000 after purchasing an additional 1,199 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of MP Materials in the first quarter valued at approximately $35,000. Banque Cantonale Vaudoise purchased a new position in shares of MP Materials in the first quarter valued at approximately $35,000. IFP Advisors Inc lifted its position in shares of MP Materials by 47.8% in the first quarter. IFP Advisors Inc now owns 2,970 shares of the company’s stock valued at $76,000 after acquiring an additional 960 shares in the last quarter. Finally, CX Institutional purchased a new position in shares of MP Materials in the first quarter valued at approximately $79,000. 52.55% of the stock is owned by institutional investors and hedge funds.

MP Materials Stock Performance

MP opened at $72.71 on Tuesday. The stock’s 50 day simple moving average is $45.24 and its 200 day simple moving average is $31.19. The stock has a market cap of $11.89 billion, a P/E ratio of -115.41 and a beta of 2.30. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.60 and a quick ratio of 3.12. MP Materials Corp. has a 1-year low of $11.08 and a 1-year high of $82.50.

MP Materials (NYSE:MP) last announced its earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. MP Materials had a negative return on equity of 9.34% and a negative net margin of 41.87%. The firm had revenue of $57.39 million for the quarter, compared to analysts’ expectations of $44.84 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. MP Materials’s quarterly revenue was up 83.6% on a year-over-year basis. As a group, equities analysts anticipate that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on MP. Morgan Stanley set a $65.00 target price on MP Materials and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Robert W. Baird raised their target price on MP Materials from $52.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Canaccord Genuity Group lifted their price objective on MP Materials from $64.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group upgraded MP Materials from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their price objective on MP Materials from $18.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.63.

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.