one8zero8 LLC Invests $1.76 Million in USA Rare Earth Inc. $USAR

one8zero8 LLC bought a new stake in USA Rare Earth Inc. (NASDAQ:USAR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 81,400 shares of the company’s stock, valued at approximately $1,757,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. NewEdge Advisors LLC grew its position 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 acquiring an additional 1,424 shares during the last quarter. Raymond James Financial Inc. bought a new position in USA Rare Earth in the 2nd quarter valued at $223,000. Lighthouse Investment Partners LLC acquired a new position in USA Rare Earth in the second quarter worth $329,000. Bank of America Corp DE boosted its stake in USA Rare Earth by 465.7% in the second quarter. Bank of America Corp DE now owns 242,726 shares of the company’s stock worth $2,659,000 after purchasing an additional 199,819 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in shares of USA Rare Earth during the second quarter worth $145,000.

Insider Transactions at USA Rare Earth

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were 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 in the company, valued at approximately $427,688.91. This represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on USAR. Cantor Fitzgerald restated an “overweight” rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Needham & Company LLC reduced their price target on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Northland Securities assumed coverage on shares of USA Rare Earth in a report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price objective on the stock. Wedbush raised 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 report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.83.

USA Rare Earth Stock Performance

Shares of USAR opened at $18.09 on Thursday. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of -7.44 and a beta of 2.55. USA Rare Earth Inc. has a 52 week low of $11.45 and a 52 week high of $43.98. The business’s fifty day moving average price is $18.71 and its two-hundred day moving average price is $20.28.

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