Cinctive Capital Management LP Purchases New Position in USA Rare Earth Inc. $USAR

Cinctive Capital Management LP purchased a new stake in USA Rare Earth Inc. (NASDAQ:USAR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 37,547 shares of the company’s stock, valued at approximately $645,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USAR. NewEdge Advisors LLC lifted its position in shares of 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 buying an additional 1,424 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of USA Rare Earth by 73.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,586 shares of the company’s stock valued at $79,000 after buying an additional 1,949 shares during the last quarter. Osaic Holdings Inc. purchased a new position in shares of USA Rare Earth in the 2nd quarter valued at $38,000. KLP Kapitalforvaltning AS acquired a new stake in USA Rare Earth during the 3rd quarter worth $69,000. Finally, Titleist Asset Management LLC raised its stake in USA Rare Earth by 20.2% during the 2nd quarter. Titleist Asset Management LLC now owns 29,380 shares of the company’s stock worth $322,000 after acquiring an additional 4,930 shares in the last quarter.

Insider Transactions at USA Rare Earth

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

USA Rare Earth Price Performance

Shares of NASDAQ:USAR opened at $19.49 on Tuesday. USA Rare Earth Inc. has a 1-year low of $5.56 and a 1-year high of $43.98. The stock has a market cap of $2.59 billion, a P/E ratio of -37.48 and a beta of 1.06. The firm has a fifty day moving average price of $20.14 and a 200 day moving average price of $18.65.

Wall Street Analyst Weigh In

USAR has been the subject of several research analyst reports. Roth Mkm upped their price objective 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. Benchmark initiated coverage on USA Rare Earth in a research report on Wednesday, January 21st. They set a “buy” rating on the stock. Canaccord Genuity Group boosted their target price on USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Cantor Fitzgerald upped their target price on USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, USA Rare Earth currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

USA Rare Earth 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.