Lisanti Capital Growth LLC Takes $1.55 Million Position in USA Rare Earth Inc. $USAR

Lisanti Capital Growth LLC acquired a new position in USA Rare Earth Inc. (NASDAQ:USAR) during the 2nd quarter, Holdings Channel reports. The fund acquired 71,750 shares of the company’s stock, valued at approximately $1,548,000.

A number of other hedge funds have also modified their holdings of the business. Sterling Capital Management LLC raised its position in shares of USA Rare Earth by 29.1% in the first quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock valued at $56,000 after buying an additional 829 shares during the last quarter. Pier 88 Investment Partners LLC boosted its position in USA Rare Earth by 2.5% in the 4th quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock valued at $413,000 after buying an additional 840 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in USA Rare Earth by 20.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock valued at $66,000 after purchasing an additional 936 shares in the last quarter. Advisory Services Network LLC raised its holdings in USA Rare Earth by 2.0% in the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock valued at $900,000 after acquiring an additional 1,032 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of USA Rare Earth by 110.0% during the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares during the last quarter.

USA Rare Earth Stock Performance

USAR stock opened at $18.09 on Thursday. USA Rare Earth Inc. has a 1 year low of $11.45 and a 1 year high of $43.98. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of -7.44 and a beta of 2.55. The stock’s fifty day moving average is $18.71 and its two-hundred day moving average is $20.28.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The company had revenue of $5.82 million for the quarter. As a group, analysts predict that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

Insider Activity at USA Rare Earth

In other 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 sale, the director owned 18,783 shares of the company’s stock, valued at approximately $427,688.91. The trade was a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on USAR shares. Wedbush upped their price objective on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Weiss Ratings downgraded USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Needham & Company LLC dropped their price target on 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 initiated coverage on USA Rare Earth in a research note on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price objective on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.83.

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.