Man Group plc Acquires Shares of 118,737 USA Rare Earth Inc. $USAR

Man Group plc bought a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 118,737 shares of the company’s stock, valued at approximately $2,562,000.

Several other institutional investors and hedge funds also recently made changes to their positions in USAR. Sterling Capital Management LLC lifted its stake in shares of USA Rare Earth by 29.1% in the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock valued at $56,000 after purchasing an additional 829 shares during the period. Pier 88 Investment Partners LLC grew its stake in shares of USA Rare Earth by 2.5% during the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock worth $413,000 after purchasing an additional 840 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of USA Rare Earth by 20.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock worth $66,000 after purchasing an additional 936 shares during the period. Advisory Services Network LLC increased its holdings in USA Rare Earth by 2.0% in the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock valued at $900,000 after purchasing an additional 1,032 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in USA Rare Earth by 110.0% in the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after purchasing an additional 1,100 shares during the last quarter.

Insider Activity

In other news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $22.77, for a total transaction of $296,010.00. Following the sale, the director owned 18,783 shares of the company’s stock, valued at $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.10% of the stock is owned by company insiders.

USA Rare Earth Stock Down 0.9%

USAR opened at $17.82 on Tuesday. USA Rare Earth Inc. has a 12 month low of $11.45 and a 12 month high of $43.98. The company has a fifty day simple moving average of $17.94 and a 200 day simple moving average of $20.04. The stock has a market cap of $3.97 billion, a P/E ratio of -7.33 and a beta of 2.55.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $5.82 million during the quarter. On average, equities research analysts expect that USA Rare Earth Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Benchmark restated a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Roth Capital lowered their price target on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Wedbush increased their price target on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Wall Street Zen raised shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.83.

USA Rare Earth Company Profile

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.