Segall Bryant & Hamill LLC Has $39.82 Million Holdings in MP Materials Corp. $MP

Segall Bryant & Hamill LLC lifted its position in MP Materials Corp. (NYSE:MP) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,196,902 shares of the company’s stock after buying an additional 23,888 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in MP Materials were worth $39,821,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Driehaus Capital Management LLC acquired a new stake in MP Materials in the first quarter valued at $34,288,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of MP Materials by 429.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,550,124 shares of the company’s stock valued at $37,839,000 after purchasing an additional 1,257,282 shares during the period. Vanguard Group Inc. lifted its stake in MP Materials by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 13,662,567 shares of the company’s stock valued at $333,503,000 after purchasing an additional 942,105 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in MP Materials by 73.7% in the 1st quarter. BNP Paribas Financial Markets now owns 1,657,299 shares of the company’s stock valued at $40,455,000 after purchasing an additional 703,042 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in MP Materials by 25.3% during the first quarter. Invesco Ltd. now owns 2,655,102 shares of the company’s stock worth $64,811,000 after purchasing an additional 536,522 shares during the period. 52.55% of the stock is currently owned by institutional investors and hedge funds.

MP Materials Price Performance

Shares of NYSE MP opened at $55.28 on Friday. The firm has a market cap of $9.80 billion, a P/E ratio of -77.86 and a beta of 2.26. The business’s 50 day moving average is $68.63 and its 200-day moving average is $53.94. The company has a current ratio of 8.05, a quick ratio of 7.51 and a debt-to-equity ratio of 0.47. MP Materials Corp. has a 1-year low of $15.56 and a 1-year high of $100.25.

MP Materials (NYSE:MP) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.05. MP Materials had a negative return on equity of 7.69% and a negative net margin of 50.55%.The firm had revenue of $53.55 million for the quarter, compared to analyst estimates of $49.72 million. During the same period in the prior year, the firm posted ($0.12) EPS. The company’s revenue for the quarter was down 14.9% on a year-over-year basis. Equities research analysts predict that MP Materials Corp. will post -0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MP. Benchmark restated a “buy” rating on shares of MP Materials in a research note on Friday, August 29th. Deutsche Bank Aktiengesellschaft upgraded MP Materials from a “hold” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $71.00 in a research note on Monday, November 10th. DA Davidson restated a “buy” rating and issued a $82.00 price target on shares of MP Materials in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MP Materials in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $69.00 price objective on shares of MP Materials in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, MP Materials currently has an average rating of “Moderate Buy” and an average target price of $78.82.

Insider Buying and Selling

In related news, CEO James H. Litinsky sold 248,411 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $63.86, for a total transaction of $15,863,526.46. Following the transaction, the chief executive officer directly owned 13,369,665 shares of the company’s stock, valued at approximately $853,786,806.90. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ryan Corbett sold 20,000 shares of MP Materials stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $57.72, for a total transaction of $1,154,400.00. Following the completion of the sale, the chief financial officer owned 194,812 shares of the company’s stock, valued at $11,244,548.64. This trade represents a 9.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 418,411 shares of company stock valued at $27,820,926. 9.50% of the stock is owned by company insiders.

About MP Materials

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.