Sapient Capital LLC Acquires Shares of 121,941 MP Materials Corp. (NYSE:MP)

Sapient Capital LLC bought a new stake in MP Materials Corp. (NYSE:MP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 121,941 shares of the company's stock, valued at approximately $2,421,000. Sapient Capital LLC owned 0.07% of MP Materials at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MP. Fifth Third Bancorp boosted its holdings in shares of MP Materials by 120.6% in the third quarter. Fifth Third Bancorp now owns 2,074 shares of the company's stock valued at $40,000 after acquiring an additional 1,134 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in MP Materials by 2,335.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,070 shares of the company's stock worth $41,000 after purchasing an additional 1,985 shares in the last quarter. Sunbelt Securities Inc. lifted its position in MP Materials by 3,848.0% in the second quarter. Sunbelt Securities Inc. now owns 1,974 shares of the company's stock worth $45,000 after purchasing an additional 1,924 shares during the period. Elkhorn Partners Limited Partnership boosted its stake in MP Materials by 33.9% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 1,875 shares of the company's stock valued at $46,000 after purchasing an additional 475 shares in the last quarter. Finally, First Manhattan Co. increased its position in shares of MP Materials by 66.7% during the 4th quarter. First Manhattan Co. now owns 2,500 shares of the company's stock valued at $61,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 52.55% of the company's stock.

MP Materials Trading Down 2.7 %

Shares of MP Materials stock traded down $0.46 during trading on Friday, hitting $16.84. The stock had a trading volume of 3,569,716 shares, compared to its average volume of 3,693,062. MP Materials Corp. has a 1 year low of $12.68 and a 1 year high of $28.71. The stock has a 50 day simple moving average of $15.29 and a 200 day simple moving average of $16.55. The company has a quick ratio of 9.54, a current ratio of 10.42 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $3.00 billion, a PE ratio of 132.93 and a beta of 2.41.

MP Materials (NYSE:MP - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The firm had revenue of $41.21 million for the quarter, compared to analysts' expectations of $47.40 million. MP Materials had a net margin of 9.59% and a return on equity of 3.86%. On average, research analysts expect that MP Materials Corp. will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MP shares. Jefferies Financial Group cut their price objective on MP Materials from $36.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, March 19th. JPMorgan Chase & Co. reduced their price objective on shares of MP Materials from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of MP Materials from $17.00 to $15.00 and set a "hold" rating on the stock in a research note on Thursday. Canaccord Genuity Group cut their target price on shares of MP Materials from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, March 13th. Finally, Morgan Stanley lowered shares of MP Materials from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $26.00 to $15.50 in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, MP Materials presently has an average rating of "Moderate Buy" and a consensus price target of $25.19.

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.