Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 179,131 MP Materials Corp. (NYSE:MP)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake of 179,131 shares in MP Materials Corp., valued at approximately $4.37 million, representing about 0.11% ownership of the company.
• MP Materials reported ($0.12) earnings per share for the last quarter, missing estimates, while seeing a revenue increase of 24.9% year-over-year to $60.81 million.
• Several equity analysts have upgraded their target prices for MP Materials, with estimates reaching as high as $69.00, reflecting a general optimism about the stock's performance.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in MP Materials Corp. (NYSE:MP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 179,131 shares of the company's stock, valued at approximately $4,373,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of MP Materials as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MP. NBC Securities Inc. raised its position in shares of MP Materials by 119,900.0% during the first quarter. NBC Securities Inc. now owns 1,200 shares of the company's stock worth $29,000 after acquiring an additional 1,199 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of MP Materials during the first quarter worth $35,000. Quadrant Capital Group LLC raised its position in shares of MP Materials by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company's stock worth $38,000 after acquiring an additional 701 shares during the last quarter. IFP Advisors Inc raised its position in shares of MP Materials by 47.8% during the first quarter. IFP Advisors Inc now owns 2,970 shares of the company's stock worth $76,000 after acquiring an additional 960 shares during the last quarter. Finally, CX Institutional bought a new stake in shares of MP Materials during the first quarter worth $79,000. Institutional investors own 52.55% of the company's stock.

MP Materials Stock Up 3.4%

NYSE:MP opened at $64.21 on Tuesday. MP Materials Corp. has a 1 year low of $10.02 and a 1 year high of $65.05. The company has a current ratio of 4.12, a quick ratio of 3.58 and a debt-to-equity ratio of 0.81. The stock has a market cap of $10.50 billion, a price-to-earnings ratio of -98.78 and a beta of 2.26. The stock has a 50-day moving average price of $35.94 and a two-hundred day moving average price of $27.98.

MP Materials (NYSE:MP - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.02). MP Materials had a negative net margin of 48.41% and a negative return on equity of 9.77%. The business had revenue of $60.81 million during the quarter, compared to analyst estimates of $64.74 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm's revenue was up 24.9% on a year-over-year basis. As a group, equities analysts expect that MP Materials Corp. will post -0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MP shares. Canaccord Genuity Group boosted their target price on MP Materials from $27.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Robert W. Baird boosted their target price on MP Materials from $52.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on MP Materials from $20.00 to $69.00 and gave the stock a "hold" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. upped their price objective on MP Materials from $18.00 to $64.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, Wall Street Zen upgraded MP Materials from a "sell" rating to a "hold" rating in a report on Saturday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, MP Materials currently has an average rating of "Moderate Buy" and an average target price of $46.11.

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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