WINTON GROUP Ltd Increases Stock Position in USA Rare Earth Inc. $USAR

WINTON GROUP Ltd raised its holdings in USA Rare Earth Inc. (NASDAQ:USAR) by 176.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,481 shares of the company’s stock after purchasing an additional 36,681 shares during the quarter. WINTON GROUP Ltd’s holdings in USA Rare Earth were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL purchased a new stake in USA Rare Earth in the 3rd quarter valued at approximately $8,304,000. Jennison Associates LLC acquired a new stake in shares of USA Rare Earth during the 4th quarter valued at approximately $1,586,000. JPMorgan Chase & Co. acquired a new stake in shares of USA Rare Earth during the 3rd quarter valued at approximately $734,000. Sovran Advisors LLC lifted its position in shares of USA Rare Earth by 119.7% during the 4th quarter. Sovran Advisors LLC now owns 489,707 shares of the company’s stock valued at $5,828,000 after acquiring an additional 266,783 shares during the period. Finally, Kercheville Advisors LLC lifted its position in shares of USA Rare Earth by 272.0% during the 4th quarter. Kercheville Advisors LLC now owns 37,200 shares of the company’s stock valued at $443,000 after acquiring an additional 27,200 shares during the period.

USA Rare Earth Price Performance

Shares of USA Rare Earth stock opened at $20.33 on Thursday. USA Rare Earth Inc. has a 1 year low of $9.32 and a 1 year high of $43.98. The company has a market capitalization of $4.53 billion, a P/E ratio of -5.19 and a beta of 2.33. The business has a 50 day moving average price of $22.56 and a 200 day moving average price of $19.44.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.04. The company had revenue of $5.70 million for the quarter. As a group, research analysts expect that USA Rare Earth Inc. will post -0.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on USAR. Roth Mkm reiterated a “buy” rating on shares of USA Rare Earth in a research report on Thursday, June 4th. Northland Securities began coverage on shares of USA Rare Earth in a research report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price target for the company. Weiss Ratings upgraded shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Finally, 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. Nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.83.

Insider Activity

In related news, Director Carolyn Trabuco sold 13,000 shares of USA Rare Earth stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the transaction, the director directly owned 18,783 shares in the company, valued at $427,688.91. The trade was 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.

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.