MP Materials Corp. (NYSE:MP) Shares Bought by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. grew its position in MP Materials Corp. (NYSE:MP) by 4.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 133,718 shares of the company’s stock after acquiring an additional 6,145 shares during the period. Cutter & CO Brokerage Inc.’s holdings in MP Materials were worth $2,654,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of MP Materials in the fourth quarter valued at $26,000. CWM LLC grew its stake in shares of MP Materials by 85.0% in the fourth quarter. CWM LLC now owns 1,667 shares of the company’s stock valued at $33,000 after buying an additional 766 shares in the last quarter. Fifth Third Bancorp grew its stake in MP Materials by 120.6% during the 3rd quarter. Fifth Third Bancorp now owns 2,074 shares of the company’s stock worth $40,000 after purchasing an additional 1,134 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in MP Materials by 2,335.3% during the 4th 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. Finally, ANTIPODES PARTNERS Ltd grew its stake in MP Materials by 103.6% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 3,645 shares of the company’s stock worth $70,000 after purchasing an additional 1,855 shares in the last quarter. 52.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MP. Morgan Stanley cut MP Materials from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $26.00 to $15.50 in a research note on Wednesday, March 13th. Deutsche Bank Aktiengesellschaft lowered their target price on MP Materials from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. Canaccord Genuity Group lowered their target price on MP Materials from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Jefferies Financial Group decreased their price target on MP Materials from $36.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. downgraded MP Materials from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $16.00 in a report on Tuesday. Three research 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 target price of $23.64.

MP Materials Stock Performance

Shares of MP Materials stock traded down $0.06 on Tuesday, hitting $15.86. The stock had a trading volume of 2,732,143 shares, compared to its average volume of 3,607,260. MP Materials Corp. has a 52-week low of $12.68 and a 52-week high of $26.53. The company has a current ratio of 10.42, a quick ratio of 9.54 and a debt-to-equity ratio of 0.50. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 122.39 and a beta of 2.42. The company’s 50 day moving average price is $15.26 and its 200 day moving average price is $16.42.

MP Materials (NYSE:MP) last posted its earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). MP Materials had a return on equity of 3.86% and a net margin of 9.59%. The business had revenue of $41.21 million during the quarter, compared to the consensus estimate of $47.40 million. On average, research analysts anticipate that MP Materials Corp. will post -0.13 EPS for the current year.

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.