MP Materials Corp. $MP Shares Sold by Walser Wealth Management Company A Ltd Liability Co

Key Points

• Walser Wealth Management reduced its MP Materials position by 46% in the third quarter, selling 12,826 shares and retaining 15,040 shares valued at approximately $711,000.
• Institutional ownership remains significant at 52.55%, with firms including Amundi, NewEdge Advisors, and State Street increasing their stakes while other investors initiated new positions.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and an average price target of $71.92. MP Materials reported quarterly revenue of $108.49 million, up 89% year over year, while remaining unprofitable.

Walser Wealth Management Company A Ltd Liability Co lowered its holdings in shares of MP Materials Corp. (NYSE:MP - Free Report) by 46.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,040 shares of the company's stock after selling 12,826 shares during the quarter. Walser Wealth Management Company A Ltd Liability Co's holdings in MP Materials were worth $711,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Oak Thistle LLC purchased a new position in shares of MP Materials in the second quarter valued at $1,543,000. Amundi increased its position in MP Materials by 260.2% in the first quarter. Amundi now owns 385,001 shares of the company's stock worth $18,580,000 after purchasing an additional 278,126 shares during the last quarter. NewEdge Advisors LLC increased its position in MP Materials by 135.8% in the second quarter. NewEdge Advisors LLC now owns 39,866 shares of the company's stock worth $2,233,000 after purchasing an additional 22,958 shares during the last quarter. WMS Group LLC bought a new stake in MP Materials in the fourth quarter worth $557,000. Finally, State Street Corp raised its stake in MP Materials by 5.1% during the second quarter. State Street Corp now owns 7,773,746 shares of the company's stock valued at $435,408,000 after purchasing an additional 376,519 shares in the last quarter. Hedge funds and other institutional investors own 52.55% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MP shares. Zacks Research lowered shares of MP Materials from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 26th. JPMorgan Chase & Co. dropped their price objective on shares of MP Materials from $75.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, July 29th. Weiss Ratings reissued a "sell (d-)" rating on shares of MP Materials in a research note on Friday, July 17th. Citigroup restated a "positive" rating on shares of MP Materials in a report on Wednesday, July 15th. Finally, DA Davidson restated a "buy" rating and issued a $82.00 target price on shares of MP Materials in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.92.

MP Materials Trading Up 4.3%

Shares of MP stock opened at $41.65 on Friday. MP Materials Corp. has a 1 year low of $37.81 and a 1 year high of $91.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 9.51 and a quick ratio of 8.56. The stock's 50 day simple moving average is $51.47 and its two-hundred day simple moving average is $54.66. The company has a market cap of $7.42 billion, a PE ratio of -122.51 and a beta of 1.98.

MP Materials (NYSE:MP - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $108.49 million during the quarter, compared to analyst estimates of $96.89 million. MP Materials had a negative return on equity of 1.21% and a negative net margin of 19.85%. The company's revenue for the quarter was up 89.0% on a year-over-year basis. During the same period last year, the company earned ($0.13) EPS. Research analysts predict that MP Materials Corp. will post -0.20 earnings per share for the current year.

About MP Materials

MP Materials Corp. is a rare earth materials company that owns and operates the Mountain Pass Rare Earth Mine and processing facility in California. The site produces rare earth concentrate, with a focus on neodymium-praseodymium (NdPr), materials used in high-strength permanent magnets.

The company is expanding its operations beyond mining and concentrate production by developing domestic capabilities to separate rare earth elements and manufacture neodymium-iron-boron (NdFeB) magnets.

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