Brown Advisory Inc. Buys 3,300 Shares of MP Materials Corp. (NYSE:MP)

Posted by on Feb 24th, 2023

Brown Advisory Inc. raised its stake in MP Materials Corp. (NYSE:MP – Get Rating) by 24.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,700 shares of the company’s stock after purchasing an additional 3,300 shares during the period. Brown Advisory Inc.’s holdings in MP Materials were worth $456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. 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 acquiring an additional 1,441,580 shares in the last quarter. State Street Corp increased its position in shares of MP Materials by 56.2% during the first quarter. State Street Corp now owns 4,806,550 shares of the company’s stock worth $275,608,000 after acquiring an additional 1,729,193 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of MP Materials by 56.9% during the second quarter. Renaissance Technologies LLC now owns 2,462,000 shares of the company’s stock worth $78,981,000 after acquiring an additional 893,300 shares in the last quarter. Invesco Ltd. increased its position in shares of MP Materials by 61.1% during the first quarter. Invesco Ltd. now owns 2,208,928 shares of the company’s stock worth $126,661,000 after acquiring an additional 838,085 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of MP Materials by 1.0% during the third quarter. Van ECK Associates Corp now owns 1,928,997 shares of the company’s stock worth $52,662,000 after acquiring an additional 19,393 shares in the last quarter. 62.84% of the stock is owned by institutional investors.

Insider Transactions at MP Materials

In other news, Director Financial Lp Qvt sold 100,000 shares of the business’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $31.75, for a total transaction of $3,175,000.00. Following the completion of the sale, the director now directly owns 1,124,469 shares of the company’s stock, valued at $35,701,890.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 41.30% of the stock is currently owned by insiders.

MP Materials Trading Up 0.3 %

NYSE:MP opened at $31.58 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 18.15 and a quick ratio of 17.33. The firm has a 50-day moving average of $29.48 and a 200-day moving average of $31.24. The company has a market cap of $5.61 billion, a PE ratio of 22.24, a PEG ratio of 2.56 and a beta of 2.84. MP Materials Corp. has a one year low of $23.50 and a one year high of $60.19.

About MP Materials

(Get Rating)

MP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine located in the Western Hemisphere. The company 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.

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Institutional Ownership by Quarter for MP Materials (NYSE:MP)

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