Stifel Financial Corp Buys 14,311 Shares of MP Materials Corp. (NYSE:MP)

Stifel Financial Corp increased its stake in MP Materials Corp. (NYSE:MP - Free Report) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,215 shares of the company's stock after purchasing an additional 14,311 shares during the period. Stifel Financial Corp owned 0.12% of MP Materials worth $3,155,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. State of Tennessee Department of Treasury lifted its stake in shares of MP Materials by 4,671.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 29,677 shares of the company's stock valued at $463,000 after acquiring an additional 29,055 shares during the period. Dimensional Fund Advisors LP lifted its position in MP Materials by 8.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,207,017 shares of the company's stock valued at $34,433,000 after purchasing an additional 176,121 shares during the period. HITE Hedge Asset Management LLC bought a new position in shares of MP Materials in the 4th quarter valued at about $6,019,000. Marshall Wace LLP acquired a new stake in shares of MP Materials during the 4th quarter worth approximately $5,330,000. Finally, Barclays PLC lifted its holdings in MP Materials by 150.2% in the fourth quarter. Barclays PLC now owns 121,392 shares of the company's stock valued at $1,895,000 after buying an additional 72,868 shares during the period. Institutional investors and hedge funds own 52.55% of the company's stock.

Insider Transactions at MP Materials

In related news, CFO Ryan Corbett sold 60,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.51, for a total value of $1,530,600.00. Following the completion of the transaction, the chief financial officer now owns 230,100 shares of the company's stock, valued at approximately $5,869,851. This trade represents a 20.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James H. Litinsky sold 18,519 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $27.00, for a total transaction of $500,013.00. Following the transaction, the chief executive officer now owns 13,842,256 shares of the company's stock, valued at approximately $373,740,912. This represents a 0.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,330,015 shares of company stock valued at $34,559,781 over the last three months. Company insiders own 12.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MP. DA Davidson lifted their target price on shares of MP Materials from $25.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. dropped their price objective on MP Materials from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday. Finally, BMO Capital Markets raised their target price on MP Materials from $22.00 to $29.00 and gave the stock a "market perform" rating in a report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.94.

MP Materials Price Performance

NYSE MP opened at $25.01 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 6.13 and a current ratio of 6.93. MP Materials Corp. has a 52-week low of $10.02 and a 52-week high of $29.72. The business has a 50 day simple moving average of $24.77 and a 200 day simple moving average of $21.67. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of -42.39 and a beta of 2.24.

MP Materials (NYSE:MP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The company had revenue of $60.99 million during the quarter, compared to the consensus estimate of $50.71 million. MP Materials had a negative net margin of 32.09% and a negative return on equity of 8.44%. Analysts anticipate that MP Materials Corp. will post -0.19 earnings per share 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.

Want to see what other hedge funds are holding MP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MP Materials Corp. (NYSE:MP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.