Stonehage Fleming Financial Services Holdings Ltd Purchases New Holdings in MP Materials Corp. $MP

Key Points

• Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in MP Materials Corp., purchasing 14,770 shares valued at approximately $491,000 in Q2.
• MP Materials has seen increased institutional interest, with several firms significantly boosting their holdings, resulting in institutional investors owning 52.55% of the company's stock.
• Wall Street analysts have mixed ratings on MP Materials, with a consensus of "Moderate Buy" and an average price target of $74.00, highlighting varied expectations for the company's performance.

Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in MP Materials Corp. (NYSE:MP - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,770 shares of the company's stock, valued at approximately $491,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in shares of MP Materials in the second quarter valued at approximately $25,000. AdvisorNet Financial Inc increased its holdings in shares of MP Materials by 168.7% in the second quarter. AdvisorNet Financial Inc now owns 806 shares of the company's stock valued at $27,000 after purchasing an additional 506 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of MP Materials by 119,900.0% in the first quarter. NBC Securities Inc. now owns 1,200 shares of the company's stock valued at $29,000 after purchasing an additional 1,199 shares in the last quarter. MAI Capital Management boosted its stake in MP Materials by 132.7% in the first quarter. MAI Capital Management now owns 1,403 shares of the company's stock valued at $34,000 after acquiring an additional 800 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in MP Materials during the 1st quarter worth $35,000. Institutional investors and hedge funds own 52.55% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MP. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of MP Materials in a report on Wednesday. Daiwa Capital Markets began coverage on shares of MP Materials in a report on Monday, September 22nd. They set an "outperform" rating and a $80.00 target price for the company. BMO Capital Markets began coverage on shares of MP Materials in a report on Thursday. They set a "market perform" rating and a $76.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of MP Materials from $18.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Cfra Research raised shares of MP Materials to a "moderate buy" rating in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $74.00.

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 on Friday, August 29th. The shares were sold at an average price of $72.02, for a total transaction 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. This trade represents a 10.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.50% of the stock is currently owned by corporate insiders.

MP Materials Trading Up 8.7%

Shares of NYSE MP opened at $78.59 on Friday. The company's fifty day moving average is $69.91 and its 200-day moving average is $45.11. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of -124.75 and a beta of 2.32. MP Materials Corp. has a twelve month low of $15.56 and a twelve month high of $84.92. The company has a quick ratio of 3.12, a current ratio of 3.60 and a debt-to-equity ratio of 0.83.

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

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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