Westwood Holdings Group Inc. Trims Stock Holdings in MP Materials Corp. (NYSE:MP)

Westwood Holdings Group Inc. lowered its holdings in MP Materials Corp. (NYSE:MP - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,708 shares of the company's stock after selling 13,503 shares during the period. Westwood Holdings Group Inc.'s holdings in MP Materials were worth $1,140,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JT Stratford LLC grew its holdings in MP Materials by 0.7% during the 4th quarter. JT Stratford LLC now owns 63,685 shares of the company's stock valued at $993,000 after buying an additional 424 shares in the last quarter. CWM LLC lifted its holdings in shares of MP Materials by 16.5% in the first quarter. CWM LLC now owns 3,566 shares of the company's stock worth $87,000 after buying an additional 505 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of MP Materials by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,650 shares of the company's stock valued at $322,000 after acquiring an additional 662 shares during the period. CENTRAL TRUST Co grew its stake in MP Materials by 20.6% during the first quarter. CENTRAL TRUST Co now owns 3,965 shares of the company's stock valued at $97,000 after acquiring an additional 678 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in MP Materials by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,441 shares of the company's stock valued at $38,000 after acquiring an additional 701 shares in the last quarter. Institutional investors own 52.55% of the company's stock.

Analyst Upgrades and Downgrades

MP has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of MP Materials from $18.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft upped their price target on shares of MP Materials from $20.00 to $69.00 and gave the stock a "hold" rating in a report on Thursday, July 17th. Wall Street Zen raised MP Materials from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Canaccord Genuity Group upped their target price on MP Materials from $27.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Morgan Stanley set a $65.00 target price on MP Materials and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $57.88.

MP Materials Stock Performance

NYSE MP opened at $71.10 on Friday. MP Materials Corp. has a 52-week low of $10.68 and a 52-week high of $72.35. The company has a fifty day moving average of $43.15 and a 200-day moving average of $30.33. The company has a market capitalization of $11.62 billion, a P/E ratio of -109.38 and a beta of 2.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.58 and a current ratio of 4.12.

MP Materials (NYSE:MP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.03. The firm had revenue of $57.39 million during the quarter, compared to analyst estimates of $44.84 million. MP Materials had a negative return on equity of 9.77% and a negative net margin of 48.41%. The company's revenue was up 83.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) earnings per share. As a group, equities research analysts predict that MP Materials Corp. will post -0.19 EPS for the current fiscal year.

MP Materials 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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