USA Rare Earth Inc. $USAR Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd raised its holdings in USA Rare Earth Inc. (NASDAQ:USAR) by 176.4% in the 4th quarter, HoldingsChannel reports. The fund owned 57,481 shares of the company’s stock after acquiring an additional 36,681 shares during the period. WINTON GROUP Ltd’s holdings in USA Rare Earth were worth $684,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in USA Rare Earth by 217.5% in the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after acquiring an additional 1,433 shares during the last quarter. NewEdge Advisors LLC raised its holdings in USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after acquiring an additional 1,424 shares during the last quarter. Center for Financial Planning Inc. acquired a new position in USA Rare Earth in the 4th quarter valued at $28,000. National Bank of Canada FI raised its holdings in USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Osaic Holdings Inc. acquired a new position in USA Rare Earth in the 2nd quarter valued at $38,000.

Insider Activity

In other news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the sale, the director directly owned 18,783 shares of the company’s stock, valued at $427,688.91. The trade was a 40.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on USAR shares. Canaccord Genuity Group boosted their price target on USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Roth Mkm reiterated a “buy” rating on shares of USA Rare Earth in a report on Thursday, June 4th. Northland Securities began coverage on USA Rare Earth in a report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 price target for the company. Weiss Ratings raised shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Finally, Needham & Company LLC began coverage on shares of USA Rare Earth in a research note on Monday, June 1st. They set a “buy” rating and a $39.00 price objective for the company. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.83.

USA Rare Earth Stock Down 2.7%

Shares of NASDAQ USAR opened at $20.33 on Thursday. USA Rare Earth Inc. has a 52-week low of $9.32 and a 52-week high of $43.98. The firm has a fifty day moving average of $22.56 and a 200-day moving average of $19.44. The stock has a market capitalization of $4.53 billion, a PE ratio of -5.19 and a beta of 2.33.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.04. The company had revenue of $5.70 million for the quarter. Equities research analysts expect that USA Rare Earth Inc. will post -0.35 EPS for the current fiscal year.

About USA Rare Earth

USA Rare Earth (NASDAQ: USAR) is a development-stage critical minerals company focused on advancing a fully integrated rare earth element (REE) and lithium project in the United States. Its flagship asset is the Round Top deposit in West Texas, a large, polymetallic concentration of light and heavy rare earth elements, lithium and other co-products. The company seeks to move this asset through resource delineation, pilot-scale processing and eventual commercial production to address growing domestic demand for secure REE supply chains.

In addition to exploration, USA Rare Earth is engineering an on-site separation facility that will utilize dry magnetic separation and hydrometallurgical flowsheets to produce mixed rare earth carbonates.