FNY Investment Advisers LLC Grows Position in USA Rare Earth Inc. $USAR

Key Points

• FNY Investment Advisers increased its USA Rare Earth stake by 51,400% in the second quarter, ending with 30,900 shares valued at approximately $666,000. Several other investment firms also initiated or expanded positions.
• Analysts remain broadly bullish: nine rate USAR a Buy and one rates it a Sell, resulting in a “Moderate Buy” consensus and an average price target of $35.83.
• USA Rare Earth reported quarterly EPS of -$0.12, beating estimates of -$0.16, on $5.7 million in revenue. The stock recently opened at $17.41, while Director Carolyn Trabuco sold 13,000 shares at an average price of $22.77.

FNY Investment Advisers LLC raised its stake in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) by 51,400.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,900 shares of the company's stock after acquiring an additional 30,840 shares during the period. FNY Investment Advisers LLC's holdings in USA Rare Earth were worth $666,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company's stock valued at $25,000 after purchasing an additional 1,433 shares in the last quarter. NewEdge Advisors LLC increased its stake in 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 buying an additional 1,424 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in USA Rare Earth in the 1st quarter valued at about $27,000. Center for Financial Planning Inc. bought a new position in shares of USA Rare Earth during the 4th quarter worth approximately $28,000. Finally, Havemeyer Place LP bought a new position in shares of USA Rare Earth during the 4th quarter worth approximately $33,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on USAR shares. Benchmark reaffirmed a "buy" rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. 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 report on Wednesday, July 22nd. Cantor Fitzgerald reissued an "overweight" rating and issued a $40.00 price objective on shares of USA Rare Earth in a research report on Thursday, June 4th. Wedbush boosted their price objective 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, Canaccord Genuity Group upped their price objective on USA Rare Earth from $29.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.83.

Insider Activity

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the business's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the sale, the director directly owned 18,783 shares in the company, valued at $427,688.91. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.10% of the stock is currently owned by insiders.

USA Rare Earth Stock Up 1.5%

USA Rare Earth stock opened at $17.41 on Friday. USA Rare Earth Inc. has a twelve month low of $11.45 and a twelve month high of $43.98. The firm has a 50 day moving average price of $19.89 and a 200-day moving average price of $20.51. The company has a market capitalization of $3.88 billion, a P/E ratio of -4.44 and a beta of 2.55.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.04. The company had revenue of $5.70 million during the quarter. Equities analysts expect that USA Rare Earth Inc. will post -0.35 EPS for the current fiscal 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.

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