Cutter & CO Brokerage Inc. Has $2.65 Million Position in MP Materials Corp. (NYSE:MP)

Cutter & CO Brokerage Inc. raised its stake in shares of MP Materials Corp. (NYSE:MP) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,718 shares of the company’s stock after acquiring an additional 6,145 shares during the period. Cutter & CO Brokerage Inc. owned about 0.08% of MP Materials worth $2,654,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in MP Materials during the 4th quarter valued at $26,000. CWM LLC raised its stake in shares of MP Materials by 85.0% during the 4th quarter. CWM LLC now owns 1,667 shares of the company’s stock worth $33,000 after purchasing an additional 766 shares during the period. Fifth Third Bancorp raised its stake in shares of MP Materials by 120.6% during the 3rd quarter. Fifth Third Bancorp now owns 2,074 shares of the company’s stock worth $40,000 after purchasing an additional 1,134 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of MP Materials by 2,335.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,070 shares of the company’s stock worth $41,000 after purchasing an additional 1,985 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its stake in shares of MP Materials by 103.6% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 3,645 shares of the company’s stock worth $70,000 after purchasing an additional 1,855 shares during the period. 52.55% of the stock is currently owned by institutional investors.

MP Materials Stock Down 0.4 %

Shares of NYSE:MP traded down $0.06 on Tuesday, hitting $15.86. 2,732,143 shares of the company traded hands, compared to its average volume of 3,607,260. MP Materials Corp. has a 52 week low of $12.68 and a 52 week high of $26.53. The company has a quick ratio of 9.54, a current ratio of 10.42 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $15.26 and a 200-day simple moving average of $16.42. The company has a market cap of $2.82 billion, a PE ratio of 122.39 and a beta of 2.42.

MP Materials (NYSE:MP) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). MP Materials had a return on equity of 3.86% and a net margin of 9.59%. The company had revenue of $41.21 million during the quarter, compared to the consensus estimate of $47.40 million. As a group, research analysts expect that MP Materials Corp. will post -0.13 earnings per share for the current year.

Analysts Set New Price Targets

MP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut their target price on MP Materials from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Thursday, April 11th. JPMorgan Chase & Co. downgraded MP Materials from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $16.00 in a report on Tuesday. Canaccord Genuity Group decreased their target price on MP Materials from $23.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. Morgan Stanley downgraded MP Materials from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $26.00 to $15.50 in a report on Wednesday, March 13th. Finally, Jefferies Financial Group lowered their price objective on MP Materials from $36.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, March 19th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company 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.