Texas Capital Bank Wealth Management Services Inc Invests $696,000 in USA Rare Earth Inc. $USAR

Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of USA Rare Earth Inc. (NASDAQ:USAR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,500 shares of the company’s stock, valued at approximately $696,000.

A number of other hedge funds have also made changes to their positions in USAR. Bayshore Capital Advisors LLC acquired a new position in shares of USA Rare Earth during the fourth quarter valued at approximately $102,378,000. Vanguard Group Inc. raised 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 valued at $71,834,000 after acquiring an additional 5,083,288 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of USA Rare Earth by 44.0% during the third 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 last quarter. Geode Capital Management LLC raised its holdings in shares of USA Rare Earth by 213.1% during the fourth quarter. Geode Capital Management LLC now owns 2,170,097 shares of the company’s stock valued at $25,829,000 after acquiring an additional 1,476,990 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of USA Rare Earth during the third quarter valued at approximately $8,304,000.

USA Rare Earth Trading Up 5.6%

Shares of NASDAQ USAR opened at $28.19 on Friday. USA Rare Earth Inc. has a 12-month low of $8.00 and a 12-month high of $43.98. The stock has a market cap of $6.29 billion, a PE ratio of -7.19 and a beta of 2.38. The company has a 50-day moving average of $20.96 and a 200 day moving average of $18.80.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.04. The business had revenue of $5.70 million for the quarter. On average, sell-side analysts forecast that USA Rare Earth Inc. will post -0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

USAR has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their target price on USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Roth Mkm set a $30.00 target price on USA Rare Earth in a report on Monday, April 20th. Northland Securities began coverage on USA Rare Earth in a report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 target price for the company. Cantor Fitzgerald upped their price objective on shares of USA Rare Earth from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Wedbush upped their price objective on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

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.