23,715 Shares in MP Materials Corp. $MP Acquired by Capital Financial Group Inc. Co. ADV

Capital Financial Group Inc. Co. ADV acquired a new position in MP Materials Corp. (NYSE:MP) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 23,715 shares of the company’s stock, valued at approximately $1,198,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in MP Materials in the fourth quarter worth approximately $26,000. REAP Financial Group LLC acquired a new position in MP Materials in the fourth quarter worth approximately $26,000. Los Angeles Capital Management LLC acquired a new position in MP Materials in the fourth quarter worth approximately $28,000. Financial Consulate Inc. increased its holdings in MP Materials by 555.3% in the fourth quarter. Financial Consulate Inc. now owns 557 shares of the company’s stock worth $28,000 after buying an additional 472 shares during the last quarter. Finally, Montag A & Associates Inc. increased its holdings in MP Materials by 106.2% in the third quarter. Montag A & Associates Inc. now owns 635 shares of the company’s stock worth $43,000 after buying an additional 327 shares during the last quarter. Institutional investors and hedge funds own 52.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MP shares. Morgan Stanley increased their price target on MP Materials from $62.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Canaccord Genuity Group set a $82.00 price target on MP Materials in a report on Friday, May 8th. DA Davidson reiterated a “buy” rating and set a $82.00 price target on shares of MP Materials in a report on Friday, June 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MP Materials in a report on Tuesday, April 21st. Finally, Needham & Company LLC started coverage on MP Materials in a report on Monday, June 1st. They set a “buy” rating and a $81.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $80.14.

Insider Activity

In other news, CEO James H. Litinsky sold 185,167 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $69.14, for a total value of $12,802,446.38. Following the completion of the sale, the chief executive officer directly owned 11,620,798 shares of the company’s stock, valued at approximately $803,461,973.72. This represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Stuart Rosenthal acquired 10,000 shares of MP Materials stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of $54.30 per share, with a total value of $543,000.00. Following the completion of the transaction, the chief operating officer directly owned 136,622 shares of the company’s stock, valued at $7,418,574.60. This trade represents a 7.90% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 1,205,167 shares of company stock valued at $79,371,654. 8.20% of the stock is owned by company insiders.

MP Materials Stock Up 1.3%

MP opened at $58.27 on Tuesday. MP Materials Corp. has a 1-year low of $29.58 and a 1-year high of $100.25. The company has a current ratio of 7.18, a quick ratio of 6.58 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of -138.74 and a beta of 1.86. The business has a 50 day moving average of $61.65 and a 200-day moving average of $59.68.

MP Materials (NYSE:MP) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.04. MP Materials had a negative return on equity of 2.27% and a negative net margin of 28.00%.The company had revenue of $90.65 million during the quarter, compared to analysts’ expectations of $74.82 million. During the same period in the prior year, the business earned ($0.12) earnings per share. MP Materials’s revenue for the quarter was up 49.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that MP Materials Corp. will post -0.04 earnings per share for the current year.

About MP Materials

MP Materials Corporation operates as a vertically integrated producer of rare earth materials in North America. The company owns and manages the Mountain Pass Rare Earth Mine and Processing Facility in California, the only commercially viable rare earth mining and processing site in the United States. MP Materials extracts, separates and refines critical rare earth elements—such as neodymium, praseodymium, and cerium—which are essential inputs for permanent magnets used in electric vehicles, wind turbines, and various defense applications.

The Mountain Pass mine first began commercial rare earth production in the 1950s and was later operated by Molycorp until its bankruptcy in 2015.