International Assets Investment Management LLC Acquires Shares of 20,810 USA Rare Earth Inc. $USAR

Key Points

• International Assets Investment Management LLC acquired 20,810 shares of USA Rare Earth Inc. valued at approximately $250,000 during the 2nd quarter.
• Insider Director Michael Blitzer sold over 2 million shares for approximately $32.95 million, indicating significant insider activity.
• Analysts have mixed ratings on USA Rare Earth, with Weiss Ratings reaffirming a "sell" rating, while Canaccord Genuity Group set a "buy" rating with a price objective increase.

International Assets Investment Management LLC acquired a new stake in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,810 shares of the company's stock, valued at approximately $250,000.

Separately, Titleist Asset Management LLC purchased a new position in USA Rare Earth during the first quarter valued at $145,000.

Insider Transactions at USA Rare Earth

In related news, Director Michael Blitzer sold 2,091,849 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $15.75, for a total transaction of $32,946,621.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 46.60% of the company's stock.

Analyst Ratings Changes

USAR has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of USA Rare Earth in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of USA Rare Earth from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Canaccord Genuity Group increased their price objective on shares of USA Rare Earth from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, September 30th. William Blair initiated coverage on shares of USA Rare Earth in a report on Monday. They set an "outperform" rating on the stock. Finally, Cantor Fitzgerald initiated coverage on shares of USA Rare Earth in a report on Friday, August 1st. They set an "overweight" rating and a $16.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, USA Rare Earth has an average rating of "Moderate Buy" and an average price target of $26.00.

USA Rare Earth Trading Down 1.7%

NASDAQ:USAR opened at $24.05 on Friday. The stock has a 50-day simple moving average of $19.89. USA Rare Earth Inc. has a twelve month low of $5.56 and a twelve month high of $43.98.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.05.

About USA Rare Earth

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.

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