162,134 Shares in USA Rare Earth Inc. $USAR Bought by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 162,134 shares of the company’s stock, valued at approximately $3,498,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of USA Rare Earth in the second quarter valued at about $335,795,000. Bayshore Capital Advisors LLC purchased a new position in shares of USA Rare Earth during the fourth quarter worth about $102,378,000. Vanguard Group Inc. grew its holdings in shares of USA Rare Earth by 533.3% during the fourth quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock worth $71,834,000 after buying an additional 5,083,288 shares during the last quarter. Alyeska Investment Group L.P. increased its position in USA Rare Earth by 44.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock valued at $219,034,000 after acquiring an additional 3,909,455 shares during the period. Finally, Inflection Point Holdings II LLC acquired a new position in USA Rare Earth in the 4th quarter valued at about $37,188,000.

USA Rare Earth Stock Down 3.1%

Shares of NASDAQ:USAR opened at $17.26 on Wednesday. The company has a market capitalization of $3.85 billion, a P/E ratio of -7.10 and a beta of 2.58. USA Rare Earth Inc. has a 52-week low of $11.45 and a 52-week high of $43.98. The stock’s fifty day simple moving average is $17.83 and its 200-day simple moving average is $20.01.

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

Analysts Set New Price Targets

USAR has been the subject of a number of recent research reports. Roth Capital decreased their price objective on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Benchmark restated a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Cantor Fitzgerald reissued an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Weiss Ratings cut USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Finally, Wedbush lifted 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. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.83.

Insider Activity

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

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.