Dynamic Advisor Solutions LLC Sells 27,945 Shares of USA Rare Earth Inc. $USAR

Dynamic Advisor Solutions LLC lessened its stake in shares of USA Rare Earth Inc. (NASDAQ:USAR) by 28.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 70,639 shares of the company’s stock after selling 27,945 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in USA Rare Earth were worth $1,524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of USAR. Ascentis Independent Advisors acquired a new position in USA Rare Earth in the 1st quarter valued at about $27,000. Larson Financial Group LLC lifted its position in USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after acquiring an additional 1,433 shares during the last quarter. National Bank of Canada FI lifted its position in USA Rare Earth by 110.0% during the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after acquiring an additional 1,100 shares during the last quarter. KBC Group NV bought a new stake in shares of USA Rare Earth during the first quarter worth approximately $35,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares during the period.

Analysts Set New Price Targets

Several research firms have recently commented on USAR. Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Northland Securities began coverage on USA Rare Earth in a report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price target for the company. Needham & Company LLC reduced their price target on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Finally, Canaccord Genuity Group increased their price objective on USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.83.

USA Rare Earth Stock Up 11.0%

Shares of USA Rare Earth stock opened at $19.33 on Friday. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of -4.93 and a beta of 2.55. USA Rare Earth Inc. has a twelve month low of $11.45 and a twelve month high of $43.98. The company has a 50-day simple moving average of $19.71 and a two-hundred day simple moving average of $20.51.

USA Rare Earth (NASDAQ:USAR) last announced its earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $5.70 million for the quarter. On average, sell-side analysts anticipate that USA Rare Earth Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the sale, the director directly owned 18,783 shares in the company, valued at approximately $427,688.91. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.10% of the company’s stock.

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.