MP Materials Corp. $MP Shares Acquired by Rockefeller Capital Management L.P.

Key Points

• Rockefeller Capital Management raised its stake in MP Materials by 132.7% in Q2 to 176,984 shares (about 0.11% of the company, worth $5.89M), while other institutions including Vanguard, UBS and Driehaus also materially increased positions—total institutional ownership is ~52.55%.
• Insiders have been net sellers: the COO sold 150,000 shares and the CEO sold 248,411 shares, and insiders disposed of 418,411 shares worth $27.82M in the last 90 days, though insiders still own about 9.5% of the shares.
• MP beat Q3 estimates modestly (EPS -$0.10 vs -$0.15 est.; revenue $53.55M vs $49.72M) but revenue fell 14.9% YoY and margins remain negative; the stock has a market cap of ~$10.05B, a 1‑year range of $15.56–$100.25, and a consensus "Moderate Buy" rating with an average target of $78.82.

Rockefeller Capital Management L.P. increased its stake in MP Materials Corp. (NYSE:MP - Free Report) by 132.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,984 shares of the company's stock after buying an additional 100,915 shares during the period. Rockefeller Capital Management L.P. owned about 0.11% of MP Materials worth $5,888,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC acquired a new position in MP Materials during the 1st quarter worth $34,288,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of MP Materials by 429.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,550,124 shares of the company's stock worth $37,839,000 after purchasing an additional 1,257,282 shares during the last quarter. Vanguard Group Inc. grew its stake in MP Materials by 7.4% in the first quarter. Vanguard Group Inc. now owns 13,662,567 shares of the company's stock worth $333,503,000 after purchasing an additional 942,105 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in MP Materials by 73.7% in the first quarter. BNP Paribas Financial Markets now owns 1,657,299 shares of the company's stock valued at $40,455,000 after buying an additional 703,042 shares during the last quarter. Finally, Invesco Ltd. raised its stake in MP Materials by 25.3% during the first quarter. Invesco Ltd. now owns 2,655,102 shares of the company's stock valued at $64,811,000 after buying an additional 536,522 shares in the last quarter. 52.55% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MP Materials news, COO Michael Stuart Rosenthal sold 150,000 shares of the business's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $72.02, for a total transaction of $10,803,000.00. Following the completion of the transaction, the chief operating officer owned 1,284,409 shares in the company, valued at approximately $92,503,136.18. The trade was a 10.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James H. Litinsky sold 248,411 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $63.86, for a total value of $15,863,526.46. Following the completion of the transaction, the chief executive officer directly owned 13,369,665 shares of the company's stock, valued at approximately $853,786,806.90. The trade was a 1.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 418,411 shares of company stock worth $27,820,926. Insiders own 9.50% of the company's stock.

MP Materials Stock Performance

MP stock opened at $56.72 on Friday. MP Materials Corp. has a 1 year low of $15.56 and a 1 year high of $100.25. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of -79.88 and a beta of 2.26. The company has a debt-to-equity ratio of 0.47, a quick ratio of 7.51 and a current ratio of 8.05. The stock's fifty day moving average is $68.79 and its two-hundred day moving average is $53.73.

MP Materials (NYSE:MP - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.05. The business had revenue of $53.55 million for the quarter, compared to analysts' expectations of $49.72 million. MP Materials had a negative net margin of 50.55% and a negative return on equity of 7.69%. The company's revenue for the quarter was down 14.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.12) EPS. On average, research analysts predict that MP Materials Corp. will post -0.19 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MP. Deutsche Bank Aktiengesellschaft upgraded MP Materials from a "hold" rating to a "buy" rating and lifted their target price for the stock from $68.00 to $71.00 in a research report on Monday, November 10th. Daiwa America upgraded shares of MP Materials to a "strong-buy" rating in a research note on Monday, September 22nd. DA Davidson reissued a "buy" rating and set a $82.00 target price on shares of MP Materials in a report on Thursday. Cfra Research raised shares of MP Materials to a "moderate buy" rating in a report on Monday, August 11th. Finally, Jefferies Financial Group raised shares of MP Materials from a "hold" rating to a "buy" rating and set a $80.00 price objective for the company in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $78.82.

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.

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