California State Teachers Retirement System Has $1.76 Million Stock Holdings in USA Rare Earth Inc. $USAR

Key Points

• CalSTRS increased its USA Rare Earth stake by 150.9% in the first quarter, ending with 116,048 shares valued at approximately $1.76 million. Other institutional investors, including Vanguard and State Street, also substantially expanded their positions.
• USA Rare Earth reported a quarterly loss of $0.15 per share, missing analysts’ $0.07-loss estimate, on revenue of $5.82 million. The stock opened at $18.41, well below its 52-week high of $43.98.
• Analysts remain broadly positive, with nine Buy ratings and one Sell rating producing a “Moderate Buy” consensus and an average price target of $35.83, despite several recent target-price cuts.

California State Teachers Retirement System grew its stake in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) by 150.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,048 shares of the company's stock after acquiring an additional 69,787 shares during the period. California State Teachers Retirement System owned 0.05% of USA Rare Earth worth $1,756,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bayshore Capital Advisors LLC acquired a new stake in shares of USA Rare Earth in the 4th quarter valued at approximately $102,378,000. Vanguard Group Inc. lifted its stake in USA Rare Earth by 533.3% in the fourth quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company's stock valued at $71,834,000 after acquiring an additional 5,083,288 shares during the last quarter. Alyeska Investment Group L.P. grew its position in shares of USA Rare Earth by 44.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company's stock valued at $219,034,000 after acquiring an additional 3,909,455 shares during the period. Inflection Point Holdings II LLC acquired a new position in shares of USA Rare Earth during the 4th quarter worth about $37,188,000. Finally, State Street Corp increased its stake in shares of USA Rare Earth by 78.4% during the 4th quarter. State Street Corp now owns 5,032,866 shares of the company's stock worth $59,891,000 after purchasing an additional 2,212,177 shares during the last quarter.

USA Rare Earth Stock Performance

NASDAQ USAR opened at $18.41 on Thursday. The stock has a market cap of $4.11 billion, a PE ratio of -7.58 and a beta of 2.55. The firm has a 50-day moving average of $19.08 and a 200-day moving average of $20.49. USA Rare Earth Inc. has a 52-week low of $11.45 and a 52-week high of $43.98.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The business had revenue of $5.82 million for the quarter. As a group, analysts predict that USA Rare Earth Inc. will post -0.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on USAR. Roth Capital cut their target price on shares of USA Rare Earth from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Cantor Fitzgerald reissued an "overweight" rating on shares of USA Rare Earth in a research report on Tuesday. Needham & Company LLC dropped their price objective on USA Rare Earth from $39.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd. Wedbush raised their price objective on USA Rare Earth from $29.00 to $35.00 and gave the company an "outperform" rating in a research report on Tuesday, May 12th. Finally, Benchmark reaffirmed a "buy" rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.83.

Insider Buying and Selling at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the 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 transaction, the director owned 18,783 shares in the company, valued at approximately $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.10% of the company's stock.

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.

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