483,081 Shares in USA Rare Earth Inc. $USAR Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 483,081 shares of the company’s stock, valued at approximately $8,304,000. Tudor Investment Corp ET AL owned about 0.36% of USA Rare Earth at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of USAR. NewEdge Advisors LLC raised its stake 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 buying an additional 1,424 shares during the last quarter. National Bank of Canada FI raised its stake in shares of 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 buying an additional 1,100 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of USA Rare Earth during the second quarter worth approximately $38,000. KLP Kapitalforvaltning AS bought a new stake in shares of USA Rare Earth during the third quarter worth approximately $69,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of USA Rare Earth by 73.9% during the third quarter. SBI Securities Co. Ltd. now owns 4,586 shares of the company’s stock worth $79,000 after buying an additional 1,949 shares during the last quarter.

USA Rare Earth Stock Performance

Shares of NASDAQ:USAR opened at $15.28 on Tuesday. USA Rare Earth Inc. has a 52 week low of $7.06 and a 52 week high of $43.98. The company has a market capitalization of $3.33 billion, a PE ratio of -5.09 and a beta of 1.34. The company has a 50 day moving average price of $19.33 and a two-hundred day moving average price of $18.86.

USA Rare Earth (NASDAQ:USAR) last issued its earnings results on Monday, March 30th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.07). The business had revenue of $1.64 million for the quarter.

Insider Buying and Selling at USA Rare Earth

In related news, Director Michael Blitzer acquired 100,000 shares of the stock in a transaction dated Thursday, January 29th. The stock was bought at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the completion of the transaction, the director directly owned 847,500 shares of the company’s stock, valued at approximately $18,170,400. The trade was a 13.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Trabuco acquired 1,300 shares of the stock in a transaction dated Thursday, January 29th. The shares were bought at an average cost of $22.60 per share, with a total value of $29,380.00. Following the transaction, the director directly owned 1,300 shares of the company’s stock, valued at $29,380. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 46.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on USAR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a research note on Friday, March 27th. Roth Mkm upped their target price on shares of USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Cantor Fitzgerald upped their target price on shares of USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Benchmark began coverage on shares of USA Rare Earth in a research note on Wednesday, January 21st. They issued a “buy” rating for the company. Finally, Canaccord Genuity Group lowered their target price on shares of USA Rare Earth from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.00.

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.