Weaver Capital Management LLC Invests $1.19 Million in USA Rare Earth Inc. $USAR

Weaver Capital Management LLC purchased a new position in USA Rare Earth Inc. (NASDAQ:USAR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $1,190,000.

A number of other institutional investors have also recently made changes to their positions in USAR. Alyeska Investment Group L.P. increased its holdings in shares of USA Rare Earth by 44.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock worth $219,034,000 after buying an additional 3,909,455 shares during the last quarter. Altfest L J & Co. Inc. bought a new position in shares of USA Rare Earth in the 3rd quarter worth $13,554,000. Tudor Investment Corp ET AL bought a new position in shares of USA Rare Earth in the 3rd quarter worth $8,304,000. Millennium Management LLC bought a new position in shares of USA Rare Earth in the 3rd quarter worth $7,966,000. Finally, Sovran Advisors LLC increased its holdings in shares of USA Rare Earth by 119.7% in the 4th quarter. Sovran Advisors LLC now owns 489,707 shares of the company’s stock worth $5,828,000 after buying an additional 266,783 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

USA Rare Earth Stock Performance

USAR stock opened at $16.78 on Thursday. USA Rare Earth Inc. has a 52 week low of $7.25 and a 52 week high of $43.98. The firm’s fifty day moving average is $18.92 and its 200 day moving average is $18.83. The firm has a market cap of $3.66 billion, a P/E ratio of -5.59 and a beta of 1.34.

USA Rare Earth (NASDAQ:USAR) last released 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 company had revenue of $1.64 million for the quarter.

Insider Buying and Selling at USA Rare Earth

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

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.