Concurrent Investment Advisors LLC Purchases New Stake in MP Materials Corp. $MP

Key Points

• Concurrent Investment Advisors initiated a new position of 8,206 shares in MP Materials (≈$550,000) in Q3, while other institutions—most notably Caxton Associates (~$132.2M new stake), Invesco, BNP Paribas and National Bank of Canada—also materially increased holdings, leaving institutional investors with about 52.55% of the stock.
• Corporate insiders have been net sellers: CFO Ryan Corbett sold 38,146 shares (~$2.29M) and CEO James Litinsky sold 385,000 shares (~$24.23M), with insiders offloading 991,557 shares (~$62.8M) over the past 90 days while still owning 12.60% of the company.
• Wall Street sentiment is generally positive with a consensus "Moderate Buy" rating and a $78.91 average price target; MP Materials has a market cap of about $12.22B and recently beat quarterly EPS estimates despite negative margins and year‑over‑year revenue decline.

Concurrent Investment Advisors LLC acquired a new position in shares of MP Materials Corp. (NYSE:MP - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,206 shares of the company's stock, valued at approximately $550,000.

A number of other large investors have also recently bought and sold shares of the company. Caxton Associates LLP bought a new stake in shares of MP Materials during the 2nd quarter worth approximately $132,238,000. Invesco Ltd. increased its stake in shares of MP Materials by 14.3% in the 2nd quarter. Invesco Ltd. now owns 3,033,612 shares of the company's stock valued at $100,928,000 after purchasing an additional 378,510 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of MP Materials by 76.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,921,542 shares of the company's stock worth $97,200,000 after buying an additional 1,264,243 shares in the last quarter. National Bank of Canada FI lifted its position in shares of MP Materials by 19,314.3% during the 2nd quarter. National Bank of Canada FI now owns 2,013,462 shares of the company's stock worth $66,987,000 after buying an additional 2,003,091 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its position in shares of MP Materials by 2.0% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 1,196,902 shares of the company's stock worth $39,821,000 after buying an additional 23,888 shares during the last quarter. 52.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MP. BMO Capital Markets raised MP Materials from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from $76.00 to $75.00 in a research note on Monday, November 24th. DA Davidson restated a "buy" rating and issued a $82.00 target price on shares of MP Materials in a research report on Thursday, November 20th. Daiwa America upgraded MP Materials to a "strong-buy" rating in a research report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft upgraded MP Materials from a "hold" rating to a "buy" rating and increased their target price for the company from $68.00 to $71.00 in a research report on Monday, November 10th. Finally, William Blair initiated coverage on MP Materials in a report on Tuesday, January 13th. They set an "outperform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $78.91.

Insider Buying and Selling

In related news, CFO Ryan Corbett sold 38,146 shares of the business's stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $60.00, for a total value of $2,288,760.00. Following the transaction, the chief financial officer owned 156,666 shares in the company, valued at $9,399,960. The trade was a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James H. Litinsky sold 385,000 shares of the company's stock in a transaction on Friday, December 5th. The shares were sold at an average price of $62.94, for a total transaction of $24,231,900.00. Following the sale, the chief executive officer directly owned 13,105,965 shares in the company, valued at $824,889,437.10. This trade represents a 2.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 991,557 shares of company stock worth $62,785,202 in the last 90 days. Corporate insiders own 12.60% of the company's stock.

MP Materials Stock Up 3.4%

Shares of NYSE:MP opened at $68.96 on Tuesday. The firm has a market cap of $12.22 billion, a P/E ratio of -97.13 and a beta of 1.62. MP Materials Corp. has a 12-month low of $18.64 and a 12-month high of $100.25. The business has a fifty day simple moving average of $58.54 and a 200 day simple moving average of $63.52. The company has a quick ratio of 7.51, a current ratio of 8.05 and a debt-to-equity ratio of 0.47.

MP Materials (NYSE:MP - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.05. MP Materials had a negative return on equity of 7.69% and a negative net margin of 50.55%.The company had revenue of $53.55 million during the quarter, compared to analysts' expectations of $49.72 million. During the same quarter in the prior year, the firm posted ($0.12) earnings per share. The business's quarterly revenue was down 14.9% on a year-over-year basis. Analysts predict that MP Materials Corp. will post -0.19 earnings per share for the current year.

MP Materials Company Profile

MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.

The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.

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