Cetera Investment Advisers Reduces Stake in MP Materials Corp. $MP

Cetera Investment Advisers decreased its position in MP Materials Corp. (NYSE:MP) by 11.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 253,938 shares of the company’s stock after selling 31,826 shares during the period. Cetera Investment Advisers’ holdings in MP Materials were worth $12,255,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MP. Costello Asset Management INC raised its stake in MP Materials by 15.0% in the 4th quarter. Costello Asset Management INC now owns 1,300 shares of the company’s stock valued at $66,000 after acquiring an additional 170 shares during the period. Composition Wealth LLC boosted its position in MP Materials by 0.9% during the fourth quarter. Composition Wealth LLC now owns 18,334 shares of the company’s stock worth $926,000 after purchasing an additional 172 shares during the period. ARS Investment Partners LLC increased its stake in shares of MP Materials by 1.0% in the fourth quarter. ARS Investment Partners LLC now owns 19,980 shares of the company’s stock worth $1,009,000 after purchasing an additional 200 shares in the last quarter. Cresset Asset Management LLC increased its stake in shares of MP Materials by 1.0% in the second quarter. Cresset Asset Management LLC now owns 21,444 shares of the company’s stock worth $713,000 after purchasing an additional 204 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of MP Materials by 1.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 12,232 shares of the company’s stock valued at $618,000 after purchasing an additional 212 shares during the period. Hedge funds and other institutional investors own 52.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MP. JPMorgan Chase & Co. dropped their price target on shares of MP Materials from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday. Morgan Stanley lifted their price objective on shares of MP Materials from $70.00 to $71.50 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Needham & Company LLC lowered their target price on shares of MP Materials from $81.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Barclays dropped their target price on MP Materials from $69.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Finally, Wall Street Zen lowered MP Materials from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, MP Materials has an average rating of “Buy” and a consensus target price of $78.35.

MP Materials Trading Down 7.8%

Shares of MP opened at $38.04 on Thursday. MP Materials Corp. has a twelve month low of $37.81 and a twelve month high of $100.25. The stock has a market cap of $6.77 billion, a PE ratio of -90.57 and a beta of 1.86. The company has a quick ratio of 6.58, a current ratio of 7.18 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $55.43 and its 200-day moving average price is $58.46.

MP Materials (NYSE:MP) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $90.65 million during the quarter, compared to analyst estimates of $74.82 million. MP Materials had a negative net margin of 28.00% and a negative return on equity of 2.27%. MP Materials’s revenue was up 49.1% compared to the same quarter last year. During the same period last year, the business earned ($0.12) earnings per share. On average, equities analysts forecast that MP Materials Corp. will post 0.05 EPS for the current fiscal year.

More MP Materials News

Here are the key news stories impacting MP Materials this week:

• Positive Sentiment: MP Materials’ roughly $400 million U.S. government equity investment reinforces the company’s strategic importance in reducing reliance on China for rare-earth materials. The development could support expansion, financing and long-term demand, although the stock has remained weak despite the announcement. Is MP Materials Undervalued As The U.S. Takes A $400 Million Stake?
• Neutral Sentiment: JPMorgan lowered its price target for MP from $75 to $60 but maintained an “overweight” rating. The revised target still implies substantial upside from recent trading levels, but the cut indicates more cautious assumptions about the company’s near-term valuation or execution. JPMorgan Lowers MP Materials Price Target
• Neutral Sentiment: Coverage comparing MP Materials with Atlas Lithium highlights investor interest in critical-minerals companies, but does not appear to provide a major new operational or financial catalyst for MP. Analyzing Atlas Lithium and MP Materials
• Negative Sentiment: A Seeking Alpha analysis downgraded the stock and recommended waiting for a better entry point, adding to concerns that MP’s valuation and execution risks remain elevated even with government backing. MP Materials: Wait For A Better Entry Point
• Negative Sentiment: Broader rare-earth investment themes and competing critical-minerals opportunities may divert investor attention from MP Materials, particularly as the company’s shares have declined significantly over recent months. ETF Built to Break China’s Rare Earth Grip

Insider Buying and Selling

In other MP Materials news, CEO James H. Litinsky sold 185,167 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $69.14, for a total value of $12,802,446.38. Following the completion of the transaction, the chief executive officer directly owned 11,620,798 shares of the company’s stock, valued at $803,461,973.72. This trade represents a 1.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ryan Corbett sold 20,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $75.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the chief financial officer directly owned 109,017 shares in the company, valued at approximately $8,176,275. The trade was a 15.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 905,167 shares of company stock valued at $60,161,837. Company insiders own 8.20% of the company’s stock.

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.