Ameritas Advisory Services LLC Makes New Investment in MP Materials Corp. $MP

Key Points

• Ameritas Advisory Services LLC made a new investment in MP Materials Corp. by purchasing 6,166 shares valued at approximately $205,000 during the 2nd quarter.
• Insider trading was noted, as COO Michael Stuart Rosenthal sold 150,000 shares for $10.8 million, resulting in a 10.46% decrease in his ownership stake.
• MP Materials reported a **quarterly revenue increase** of 83.6% year-over-year, with earnings per share beating analyst expectations at ($0.13) compared to the consensus estimate of ($0.16).

Ameritas Advisory Services LLC purchased a new stake in MP Materials Corp. (NYSE:MP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,166 shares of the company's stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of MP Materials by 2.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,955 shares of the company's stock worth $412,000 after purchasing an additional 358 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in MP Materials by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,793 shares of the company's stock worth $265,000 after buying an additional 479 shares during the period. CWM LLC grew its position in MP Materials by 16.5% during the first quarter. CWM LLC now owns 3,566 shares of the company's stock worth $87,000 after buying an additional 505 shares during the period. AdvisorNet Financial Inc grew its position in MP Materials by 168.7% during the second quarter. AdvisorNet Financial Inc now owns 806 shares of the company's stock worth $27,000 after buying an additional 506 shares during the period. Finally, Harbor Investment Advisory LLC grew its position in MP Materials by 51.0% during the second quarter. Harbor Investment Advisory LLC now owns 1,510 shares of the company's stock worth $50,000 after buying an additional 510 shares during the period. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MP Materials

In other news, COO Michael Stuart Rosenthal sold 150,000 shares of MP Materials stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $72.02, for a total value of $10,803,000.00. Following the transaction, the chief operating officer directly owned 1,284,409 shares of the company's stock, valued at $92,503,136.18. The trade was a 10.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 9.50% of the stock is owned by corporate insiders.

MP Materials Price Performance

MP stock opened at $70.57 on Thursday. MP Materials Corp. has a 52-week low of $15.56 and a 52-week high of $82.50. The stock's fifty day simple moving average is $69.40 and its 200-day simple moving average is $44.31. The company has a quick ratio of 3.12, a current ratio of 3.60 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of -112.02 and a beta of 2.32.

MP Materials (NYSE:MP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.03. The firm had revenue of $57.39 million for the quarter, compared to analyst estimates of $44.84 million. MP Materials had a negative return on equity of 9.34% and a negative net margin of 41.87%.The firm's quarterly revenue was up 83.6% on a year-over-year basis. During the same period last year, the company earned ($0.17) EPS. Equities research analysts expect that MP Materials Corp. will post -0.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MP shares. Cowen restated a "buy" rating on shares of MP Materials in a report on Friday, August 8th. Daiwa Capital Markets started coverage on MP Materials in a report on Monday, September 22nd. They issued an "outperform" rating and a $80.00 target price on the stock. Canaccord Genuity Group upped their target price on MP Materials from $64.00 to $77.00 and gave the company a "buy" rating in a report on Friday, August 8th. Cfra Research raised MP Materials to a "moderate buy" rating in a report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of MP Materials from $20.00 to $69.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.78.

MP Materials 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.

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