FNY Investment Advisers LLC Increases Stock Position in USA Rare Earth Inc. $USAR

FNY Investment Advisers LLC increased its holdings in USA Rare Earth Inc. (NASDAQ:USAR) by 51,400.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,900 shares of the company’s stock after buying an additional 30,840 shares during the period. FNY Investment Advisers LLC’s holdings in USA Rare Earth were worth $666,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Alyeska Investment Group L.P. raised its holdings in USA Rare Earth by 44.0% during 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. Bayshore Capital Advisors LLC purchased a new position in shares of USA Rare Earth in the fourth quarter valued at $102,378,000. Vanguard Group Inc. grew its position in shares of USA Rare Earth by 533.3% in the fourth quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock valued at $71,834,000 after purchasing an additional 5,083,288 shares in the last quarter. State Street Corp raised its stake in shares of USA Rare Earth by 78.4% during the 4th quarter. State Street Corp now owns 5,032,866 shares of the company’s stock valued at $59,891,000 after purchasing an additional 2,212,177 shares during the period. Finally, Inflection Point Holdings II LLC bought a new stake in shares of USA Rare Earth during the 4th quarter valued at $37,188,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on USAR shares. Canaccord Genuity Group raised their price objective on shares of USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Northland Securities began coverage on USA Rare Earth in a research note on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 target price on the stock. Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price objective on shares of USA Rare Earth in a report on Thursday, June 4th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.83.

Insider Buying and Selling at USA Rare Earth

In related 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 transaction, the director directly owned 18,783 shares of the company’s stock, valued at approximately $427,688.91. This trade represents a 40.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 9.10% of the company’s stock.

USA Rare Earth Stock Performance

Shares of NASDAQ:USAR opened at $17.41 on Friday. USA Rare Earth Inc. has a 52-week low of $11.45 and a 52-week high of $43.98. The firm has a fifty day moving average of $19.89 and a 200 day moving average of $20.51. The firm has a market capitalization of $3.88 billion, a PE ratio of -4.44 and a beta of 2.55.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. On average, sell-side analysts forecast 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.