Lisanti Capital Growth LLC Makes New Investment in USA Rare Earth Inc. $USAR

Lisanti Capital Growth LLC bought a new stake in shares of USA Rare Earth Inc. (NASDAQ:USAR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,750 shares of the company’s stock, valued at approximately $1,548,000.

Several other hedge funds and other institutional investors have also made changes to their positions in USAR. Ascentis Independent Advisors purchased a new stake in shares of USA Rare Earth during the first quarter worth approximately $27,000. Larson Financial Group LLC lifted its holdings in USA Rare Earth by 217.5% in the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after purchasing an additional 1,433 shares in the last quarter. National Bank of Canada FI lifted its holdings in USA Rare Earth by 110.0% in the 3rd 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 in the last quarter. KBC Group NV acquired a new stake in USA Rare Earth during the 1st quarter worth $35,000. Finally, NewEdge Advisors LLC boosted its stake in USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after purchasing an additional 1,424 shares during the last quarter.

Insider Buying and Selling

In other news, Director Carolyn Trabuco sold 13,000 shares of the company’s stock in a transaction 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 transaction, the director owned 18,783 shares of the company’s stock, valued at $427,688.91. This represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

USAR has been the subject of a number of recent research reports. Needham & Company LLC reduced their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Cantor Fitzgerald reiterated an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Finally, Northland Securities started coverage on USA Rare Earth in a report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.83.

USA Rare Earth Price Performance

Shares of USAR stock opened at $18.09 on Thursday. The company has a market capitalization of $4.03 billion, a PE ratio of -7.44 and a beta of 2.55. The firm’s 50-day moving average is $18.71 and its two-hundred day moving average is $20.28. USA Rare Earth Inc. has a 12 month low of $11.45 and a 12 month high of $43.98.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $5.82 million for the quarter. Sell-side analysts forecast that USA Rare Earth Inc. will post -0.62 EPS for the current year.

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.