Investors Asset Management of Georgia Inc. GA ADV Sells 2,800 Shares of MP Materials Corp. (NYSE:MP)

Investors Asset Management of Georgia Inc. GA ADV decreased its stake in MP Materials Corp. (NYSE:MP) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,250 shares of the company’s stock after selling 2,800 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in MP Materials were worth $323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MP. Natixis Advisors L.P. increased its position in MP Materials by 22.9% in the 1st quarter. Natixis Advisors L.P. now owns 18,394 shares of the company’s stock valued at $1,055,000 after acquiring an additional 3,430 shares during the period. Bank of Montreal Can increased its position in MP Materials by 18.5% in the 1st quarter. Bank of Montreal Can now owns 45,673 shares of the company’s stock valued at $2,576,000 after acquiring an additional 7,124 shares during the period. MetLife Investment Management LLC increased its position in MP Materials by 53.4% in the 1st quarter. MetLife Investment Management LLC now owns 41,394 shares of the company’s stock valued at $2,374,000 after acquiring an additional 14,406 shares during the period. Rhumbline Advisers increased its position in shares of MP Materials by 8.9% during the first quarter. Rhumbline Advisers now owns 84,009 shares of the company’s stock worth $4,817,000 after buying an additional 6,843 shares during the period. Finally, BlackRock Inc. increased its position in shares of MP Materials by 29.1% during the first quarter. BlackRock Inc. now owns 6,398,647 shares of the company’s stock worth $366,898,000 after buying an additional 1,441,580 shares during the period. Institutional investors own 52.55% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MP. JPMorgan Chase & Co. decreased their price objective on shares of MP Materials from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of MP Materials from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, April 11th. Morgan Stanley cut shares of MP Materials from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $26.00 to $15.50 in a research report on Wednesday, March 13th. Canaccord Genuity Group decreased their price objective on shares of MP Materials from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Finally, Jefferies Financial Group reduced their price target on shares of MP Materials from $36.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, March 19th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.19.

MP Materials Stock Down 1.8 %

Shares of MP Materials stock traded down $0.31 during trading hours on Thursday, reaching $16.47. The company’s stock had a trading volume of 1,866,161 shares, compared to its average volume of 3,633,226. MP Materials Corp. has a one year low of $12.68 and a one year high of $26.53. The company has a market capitalization of $2.93 billion, a P/E ratio of 127.70 and a beta of 2.41. The stock’s fifty day simple moving average is $15.29 and its two-hundred day simple moving average is $16.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 9.54 and a current ratio of 10.42.

MP Materials (NYSE:MP) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). MP Materials had a net margin of 9.59% and a return on equity of 3.86%. The firm had revenue of $41.21 million for the quarter, compared to analyst estimates of $47.40 million. On average, research analysts forecast that MP Materials Corp. will post -0.13 earnings per share 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.