MP Materials Corp. (NYSE:MP) Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of MP Materials Corp. (NYSE:MP) by 14.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,828 shares of the company’s stock after acquiring an additional 23,903 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.11% of MP Materials worth $2,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Clearbridge Investments LLC lifted its holdings in MP Materials by 2.4% during the 1st quarter. Clearbridge Investments LLC now owns 671,021 shares of the company’s stock worth $9,596,000 after buying an additional 15,851 shares during the last quarter. Vanguard Group Inc. raised its stake in MP Materials by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 13,861,266 shares of the company’s stock valued at $198,216,000 after acquiring an additional 225,554 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of MP Materials by 36.5% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 466,004 shares of the company’s stock worth $6,664,000 after purchasing an additional 124,533 shares during the period. KCM Investment Advisors LLC boosted its holdings in shares of MP Materials by 8.3% in the first quarter. KCM Investment Advisors LLC now owns 27,995 shares of the company’s stock valued at $400,000 after acquiring an additional 2,150 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in MP Materials during the 1st quarter worth approximately $378,000. Institutional investors and hedge funds own 52.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of MP Materials from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. Robert W. Baird lowered their target price on MP Materials from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. Morgan Stanley cut their price target on MP Materials from $15.50 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, June 21st. Benchmark reissued a “buy” rating and issued a $30.00 price objective on shares of MP Materials in a research note on Tuesday, May 14th. Finally, Bank of America dropped their target price on shares of MP Materials from $25.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, MP Materials has a consensus rating of “Moderate Buy” and an average price target of $20.50.

MP Materials Trading Up 0.4 %

MP stock opened at $13.79 on Friday. The firm’s 50-day simple moving average is $14.80 and its 200 day simple moving average is $15.49. MP Materials Corp. has a fifty-two week low of $12.09 and a fifty-two week high of $24.44. The company has a quick ratio of 9.28, a current ratio of 10.29 and a debt-to-equity ratio of 0.82.

MP Materials (NYSE:MP) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $48.68 million during the quarter, compared to analyst estimates of $46.00 million. MP Materials had a negative return on equity of 0.61% and a net margin of 1.62%. Analysts predict that MP Materials Corp. will post -0.33 EPS for the current year.

Insider Activity at MP Materials

In related news, CFO Ryan Corbett sold 50,000 shares of MP Materials stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $16.93, for a total value of $846,500.00. Following the transaction, the chief financial officer now owns 325,021 shares of the company’s stock, valued at approximately $5,502,605.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Andrew A. Mcknight sold 317,750 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $18.07, for a total transaction of $5,741,742.50. Following the transaction, the director now directly owns 86,000 shares of the company’s stock, valued at $1,554,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ryan Corbett sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $16.93, for a total transaction of $846,500.00. Following the completion of the sale, 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.

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.