Jupiter Topco LLC Takes Position in USA Rare Earth Inc. $USAR

Jupiter Topco LLC bought a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 162,134 shares of the company’s stock, valued at approximately $3,498,000. Jupiter Topco LLC owned 0.07% of USA Rare Earth as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its stake in USA Rare Earth by 217.5% in the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after acquiring an additional 1,433 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after purchasing an additional 1,424 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of USA Rare Earth in the 1st quarter valued at approximately $27,000. Center for Financial Planning Inc. acquired a new stake in shares of USA Rare Earth in the 4th quarter valued at $28,000. Finally, Havemeyer Place LP acquired a new stake in shares of USA Rare Earth in the 4th quarter valued at $33,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Weiss Ratings downgraded USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Roth Capital dropped their price objective on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Wedbush raised their target price on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Finally, Needham & Company LLC decreased their target price on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, USA Rare Earth presently has an average rating of “Moderate Buy” and a consensus target price of $35.83.

Insider Buying and Selling at USA Rare Earth

In related news, Director Carolyn Trabuco sold 13,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the sale, the director directly owned 18,783 shares of the company’s stock, valued at $427,688.91. This represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.10% of the company’s stock.

USA Rare Earth Price Performance

Shares of NASDAQ:USAR opened at $17.26 on Wednesday. The company’s fifty day moving average price is $17.83 and its 200 day moving average price is $20.01. USA Rare Earth Inc. has a 12 month low of $11.45 and a 12 month high of $43.98. The firm has a market capitalization of $3.85 billion, a P/E ratio of -7.10 and a beta of 2.58.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings data 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 business had revenue of $5.82 million for the quarter. On average, sell-side analysts anticipate 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.