Virtu Financial LLC Takes $832,000 Position in USA Rare Earth Inc. $USAR

Virtu Financial LLC purchased a new stake in USA Rare Earth Inc. (NASDAQ:USAR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 69,940 shares of the company’s stock, valued at approximately $832,000. Virtu Financial LLC owned about 0.05% of USA Rare Earth at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USAR. Tudor Investment Corp ET AL purchased a new position in shares of USA Rare Earth in the 3rd quarter worth approximately $8,304,000. Jennison Associates LLC purchased a new stake in USA Rare Earth during the 4th quarter valued at $1,586,000. JPMorgan Chase & Co. purchased a new stake in USA Rare Earth during the 3rd quarter valued at $734,000. Sovran Advisors LLC lifted its position in USA Rare Earth by 119.7% in the fourth 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. Finally, Kercheville Advisors LLC lifted its position in USA Rare Earth by 272.0% in the fourth quarter. Kercheville Advisors LLC now owns 37,200 shares of the company’s stock worth $443,000 after buying an additional 27,200 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on USAR. 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. Cantor Fitzgerald restated an “overweight” rating and issued a $40.00 target price on shares of USA Rare Earth in a report on Thursday, June 4th. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Roth Mkm reaffirmed a “buy” rating on shares of USA Rare Earth in a research note on Thursday, June 4th. Finally, Northland Securities started coverage on shares of USA Rare Earth in a report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

USA Rare Earth Price Performance

USAR opened at $24.64 on Monday. The business has a fifty day moving average of $23.64 and a 200 day moving average of $19.97. The stock has a market cap of $5.50 billion, a P/E ratio of -6.29 and a beta of 2.33. USA Rare Earth Inc. has a 52-week low of $9.32 and a 52-week high of $43.98.

USA Rare Earth (NASDAQ:USAR) last released its earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $5.70 million during the quarter. Equities analysts anticipate that USA Rare Earth Inc. will post -0.35 EPS for the current fiscal year.

Insider Activity at USA Rare Earth

In other 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.10% of the company’s stock.

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.