Tudor Investment Corp ET AL Invests $8.30 Million in USA Rare Earth Inc. $USAR

Tudor Investment Corp ET AL acquired a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 483,081 shares of the company’s stock, valued at approximately $8,304,000.

Several other large investors also recently made changes to their positions in the stock. IFP Advisors Inc bought a new stake in shares of USA Rare Earth during the third quarter worth $214,000. Advisory Services Network LLC increased its position in shares of USA Rare Earth by 2.0% during the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock worth $900,000 after acquiring an additional 1,032 shares in the last quarter. XTX Topco Ltd acquired a new position in USA Rare Earth during the third quarter worth $686,000. Alyeska Investment Group L.P. boosted its holdings in USA Rare Earth by 44.0% during the third quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock worth $219,034,000 after purchasing an additional 3,909,455 shares during the last quarter. Finally, Voleon Capital Management LP acquired a new position in USA Rare Earth during the third quarter worth $814,000.

Analyst Ratings Changes

Several research analysts recently commented on USAR shares. Canaccord Genuity Group reduced their target price on shares of USA Rare Earth from $33.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Benchmark started coverage on shares of USA Rare Earth in a report on Wednesday, January 21st. They set a “buy” rating for the company. Roth Mkm increased their target price on shares of USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a report on Friday, March 27th. Finally, Cantor Fitzgerald increased their target price on shares of USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.00.

USA Rare Earth Trading Down 4.0%

Shares of USAR opened at $15.28 on Tuesday. USA Rare Earth Inc. has a 12 month low of $7.06 and a 12 month high of $43.98. The firm has a fifty day simple moving average of $19.33 and a 200 day simple moving average of $18.86. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of -5.09 and a beta of 1.34.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings results on Monday, March 30th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). The business had revenue of $1.64 million for the quarter.

Insiders Place Their Bets

In other news, Director Carolyn Trabuco purchased 1,300 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was purchased at an average price of $22.60 per share, for a total transaction of $29,380.00. Following the completion of the purchase, the director directly owned 1,300 shares in the company, valued at $29,380. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Blitzer purchased 100,000 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was purchased at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the purchase, the director owned 847,500 shares of the company’s stock, valued at approximately $18,170,400. The trade was a 13.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 46.60% of the company’s stock.

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.