Legato Capital Management LLC Has $1.34 Million Stake in MP Materials Corp. $MP

Legato Capital Management LLC raised its stake in MP Materials Corp. (NYSE:MP – Free Report) by 47.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,430 shares of the company’s stock after buying an additional 8,515 shares during the quarter. Legato Capital Management LLC’s holdings in MP Materials were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new position in MP Materials in the fourth quarter valued at about $26,000. Financial Consulate Inc. lifted its stake in MP Materials by 555.3% in the fourth quarter. Financial Consulate Inc. now owns 557 shares of the company’s stock valued at $28,000 after buying an additional 472 shares during the period. Montag A & Associates Inc. lifted its stake in MP Materials by 106.2% in the third quarter. Montag A & Associates Inc. now owns 635 shares of the company’s stock valued at $43,000 after buying an additional 327 shares during the period. Bessemer Group Inc. lifted its stake in MP Materials by 75.9% in the third quarter. Bessemer Group Inc. now owns 642 shares of the company’s stock valued at $43,000 after buying an additional 277 shares during the period. Finally, Bogart Wealth LLC acquired a new position in MP Materials in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 52.55% of the company’s stock.

MP Materials Stock Down 0.1%

Shares of MP Materials stock opened at $64.42 on Monday. MP Materials Corp. has a 1 year low of $18.64 and a 1 year high of $100.25. The business has a 50-day moving average of $58.67 and a two-hundred day moving average of $59.18. The company has a market capitalization of $11.47 billion, a P/E ratio of -153.37 and a beta of 1.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.18 and a quick ratio of 6.58.

MP Materials (NYSE:MP – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. MP Materials had a negative return on equity of 2.27% and a negative net margin of 28.00%.The company had revenue of $90.65 million during the quarter, compared to the consensus estimate of $74.82 million. During the same period in the prior year, the company earned ($0.12) earnings per share. The company’s revenue for the quarter was up 49.1% compared to the same quarter last year. As a group, equities analysts predict that MP Materials Corp. will post -0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MP shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of MP Materials in a research note on Tuesday, May 12th. Morgan Stanley increased their target price on MP Materials from $62.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. William Blair reissued an “outperform” rating on shares of MP Materials in a research note on Wednesday, March 4th. Wedbush increased their target price on MP Materials from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Wall Street Zen raised MP Materials from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $80.08.

View Our Latest Analysis on MP

Insiders Place Their Bets

In other MP Materials news, COO Michael Stuart Rosenthal purchased 17,000 shares of the stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of $56.62 per share, for a total transaction of $962,540.00. Following the completion of the acquisition, the chief operating officer directly owned 1,333,673 shares of the company’s stock, valued at $75,512,565.26. The trade was a 1.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ryan Corbett sold 20,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $75.00, for a total value of $1,500,000.00. Following the completion of the sale, the chief financial officer owned 109,017 shares of the company’s stock, valued at $8,176,275. This trade represents a 15.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 666,000 shares of company stock worth $43,103,382 over the last ninety days. 8.20% of the stock is currently owned by corporate insiders.

MP Materials News Roundup

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

• Positive Sentiment: Barclays initiated coverage of MP Materials with a Buy rating and a $69 price target, reinforcing the broader bullish Wall Street view that has most analysts rating the stock a Buy. MP Stock Stays Perfect but Trading Has Been Strange Lately
• Positive Sentiment: MP’s COO, Michael Stuart Rosenthal, disclosed the purchase of 17,000 shares, a move investors often view as a confidence signal from management. Michael Stuart Rosenthal Buys 17,000 Shares of MP Materials (NYSE:MP) Stock
• Neutral Sentiment: Rare-earth stocks broadly rallied on funding news and fading China fears, which supported MP alongside peers, but the move also reflected sector volatility rather than a company-specific catalyst. Rare Earth Stocks Rally On Funding News, Fading China Fears
• Neutral Sentiment: MP’s latest earnings update showed strong revenue growth and a narrower operating loss, but the company remains unprofitable, keeping investors cautious about the pace of a turnaround. MP’s Operating Losses Continue in Q1: Can It Revert to Profitability?
• Negative Sentiment: A comparison piece argued that Idaho Strategic has the edge over MP Materials thanks to profitability, rising earnings, and a lower valuation, highlighting competitive and valuation concerns for MP. MP Materials vs. IDR: Which Mining Stock Has More Upside?

MP Materials Profile

(Free Report)

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.

Featured Stories

• Five stocks we like better than MP Materials
• The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
• 3 Rare Earth Stocks That Win No Matter What China Does Next
• Amylyx Stock: Why the Full Pipeline Story Matters
• Palantir and Dell Build an AI OS for the Paranoid

Want to see what other hedge funds are holding MP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MP Materials Corp. (NYSE:MP – Free Report).