Sapient Capital LLC Takes Position in MP Materials Corp. (NYSE:MP)

Sapient Capital LLC purchased a new stake in shares of MP Materials Corp. (NYSE:MP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 121,941 shares of the company's stock, valued at approximately $2,421,000. Sapient Capital LLC owned about 0.07% of MP Materials at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Retirement Systems of Alabama grew its holdings in shares of MP Materials by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 180,391 shares of the company's stock worth $3,581,000 after acquiring an additional 723 shares during the period. CWM LLC boosted its position in MP Materials by 85.0% in the fourth quarter. CWM LLC now owns 1,667 shares of the company's stock worth $33,000 after purchasing an additional 766 shares during the last quarter. Amalgamated Bank grew its stake in shares of MP Materials by 1.0% during the 4th quarter. Amalgamated Bank now owns 84,408 shares of the company's stock valued at $1,675,000 after purchasing an additional 798 shares during the period. Mirador Capital Partners LP increased its position in shares of MP Materials by 5.3% during the 4th quarter. Mirador Capital Partners LP now owns 17,142 shares of the company's stock valued at $340,000 after purchasing an additional 863 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in shares of MP Materials by 1.7% in the 3rd quarter. CENTRAL TRUST Co now owns 52,093 shares of the company's stock worth $995,000 after purchasing an additional 892 shares during the period. Hedge funds and other institutional investors own 52.55% of the company's stock.

MP Materials Stock Down 3.4 %

MP stock traded down $0.55 during trading on Friday, reaching $15.41. 4,722,005 shares of the company traded hands, compared to its average volume of 3,892,365. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -102.73, a price-to-earnings-growth ratio of 7.60 and a beta of 2.31. The company has a debt-to-equity ratio of 0.50, a quick ratio of 9.54 and a current ratio of 10.42. The business has a 50 day simple moving average of $15.25 and a 200 day simple moving average of $16.35. MP Materials Corp. has a 12 month low of $12.68 and a 12 month high of $26.53.

MP Materials (NYSE:MP - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). MP Materials had a net margin of 1.62% and a negative return on equity of 0.58%. The business had revenue of $41.21 million for the quarter, compared to analysts' expectations of $47.40 million. On average, equities research analysts anticipate that MP Materials Corp. will post 0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MP shares. Benchmark restated a "buy" rating and issued a $30.00 price objective on shares of MP Materials in a research note on Friday. JPMorgan Chase & Co. cut MP Materials from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $20.00 to $16.00 in a research report on Tuesday, April 23rd. Canaccord Genuity Group reduced their target price on MP Materials from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Wednesday, March 13th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of MP Materials from $17.00 to $15.00 and set a "hold" rating for the company in a report on Thursday, April 11th. Finally, Morgan Stanley cut shares of MP Materials from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $26.00 to $15.50 in a research report on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $23.64.

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.