Man Group plc purchased a new stake in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 118,737 shares of the company's stock, valued at approximately $2,562,000. Man Group plc owned 0.05% of USA Rare Earth at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in USAR. Allworth Financial LP acquired a new stake in shares of USA Rare Earth during the 2nd quarter valued at about $38,000. Ascentis Independent Advisors acquired a new position in USA Rare Earth in the first quarter worth about $27,000. Larson Financial Group LLC lifted its stake in USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company's stock worth $25,000 after purchasing an additional 1,433 shares during the period. National Bank of Canada FI lifted its stake in USA Rare Earth by 110.0% during the third quarter. National Bank of Canada FI now owns 2,100 shares of the company's stock worth $36,000 after purchasing an additional 1,100 shares during the period. Finally, KBC Group NV acquired a new stake in USA Rare Earth during the first quarter valued at approximately $35,000.
USA Rare Earth Stock Performance
NASDAQ:USAR opened at $17.82 on Tuesday. The stock's fifty day moving average price is $17.94 and its two-hundred day moving average price is $20.04. USA Rare Earth Inc. has a 52-week low of $11.45 and a 52-week high of $43.98. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -7.33 and a beta of 2.55.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. On average, equities analysts predict that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.
Insider Transactions at USA Rare Earth
In related news, Director Carolyn Trabuco sold 13,000 shares of the firm'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 transaction, the director owned 18,783 shares in the company, valued at $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
USAR has been the topic of several analyst reports. Benchmark reiterated a "buy" rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Roth Capital cut their target price on USA Rare Earth from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Tuesday, July 21st. Wall Street Zen upgraded USA Rare Earth from a "strong sell" rating to a "sell" rating in a research report on Saturday, May 16th. Wedbush increased their price objective on USA Rare Earth from $29.00 to $35.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings cut USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. Nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $35.83.
Get Our Latest Analysis on USA Rare Earth
About USA Rare Earth
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding USAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for USA Rare Earth Inc. (NASDAQ:USAR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider USA Rare Earth, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and USA Rare Earth wasn't on the list.
While USA Rare Earth currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge—and the key risks investors should watch as the global AI buildout accelerates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
