Alan B Lancz & Associates Inc. Sells 6,150 Shares of MP Materials Corp. (NYSE:MP)

Alan B Lancz & Associates Inc. decreased its holdings in MP Materials Corp. (NYSE:MP) by 28.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,350 shares of the company’s stock after selling 6,150 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in MP Materials were worth $305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of MP Materials in the fourth quarter valued at about $26,000. CWM LLC raised 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 worth $33,000 after acquiring an additional 766 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of MP Materials by 120.6% during the third 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 shares of MP Materials by 2,335.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,070 shares of the company’s stock valued at $41,000 after purchasing an additional 1,985 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its holdings in shares of MP Materials by 103.6% in the third quarter. ANTIPODES PARTNERS Ltd now owns 3,645 shares of the company’s stock valued at $70,000 after purchasing an additional 1,855 shares in the last quarter. Institutional investors and hedge funds own 52.55% of the company’s stock.

MP Materials Trading Down 3.4 %

Shares of NYSE:MP traded down $0.55 during mid-day trading on Friday, reaching $15.41. The stock had a trading volume of 4,722,005 shares, compared to its average volume of 3,892,365. The firm has a 50 day simple moving average of $15.25 and a two-hundred day simple moving average of $16.35. MP Materials Corp. has a twelve month low of $12.68 and a twelve month high of $26.53. The firm has a market cap of $2.74 billion, a PE ratio of -102.73, a price-to-earnings-growth ratio of 7.60 and a beta of 2.31. The company has a current ratio of 10.42, a quick ratio of 9.54 and a debt-to-equity ratio of 0.50.

MP Materials (NYSE:MP) last posted its earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $41.21 million for the quarter, compared to analyst estimates of $47.40 million. MP Materials had a net margin of 1.62% and a negative return on equity of 0.58%. On average, research analysts predict that MP Materials Corp. will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MP shares. Jefferies Financial Group reduced their price objective on MP Materials from $36.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on MP Materials from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Benchmark restated a “buy” rating and set a $30.00 target price on shares of MP Materials in a research report on Friday. JPMorgan Chase & Co. cut shares of MP Materials from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $20.00 to $16.00 in a research report on Tuesday, April 23rd. Finally, Canaccord Genuity Group dropped their price target on shares of MP Materials from $23.00 to $22.00 and set a “buy” rating for the company in a research note 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, MP Materials presently has an average rating of “Moderate Buy” and an average target price of $23.64.

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.