Newtyn Management LLC Invests $4.11 Million in USA Rare Earth Inc. $USAR

Key Points

• Newtyn Management LLC acquired 692,650 shares of USA Rare Earth Inc. valued at approximately $4,114,000, making it approximately 0.7% of their investment portfolio.
• Director Michael Blitzer sold over 2 million shares of USA Rare Earth stock for approximately $32.9 million on August 13th, indicating significant insider activity.
• USA Rare Earth reported an earnings per share of ($0.08) for the last quarter, surpassing analysts' estimates of ($0.13) by $0.05.

Newtyn Management LLC purchased a new position in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth makes up approximately 0.7% of Newtyn Management LLC's portfolio, making the stock its 24th largest holding. Newtyn Management LLC owned 0.85% of USA Rare Earth at the end of the most recent quarter.

Separately, Titleist Asset Management LLC purchased a new position in shares of USA Rare Earth in the 1st quarter worth approximately $145,000.

USA Rare Earth Price Performance

USAR stock traded up $0.60 during trading on Tuesday, reaching $14.12. 2,341,824 shares of the stock were exchanged, compared to its average volume of 2,522,849. USA Rare Earth Inc. has a 1 year low of $5.56 and a 1 year high of $20.00. The stock has a 50 day simple moving average of $13.70.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on USAR shares. Roth Capital restated a "buy" rating on shares of USA Rare Earth in a research note on Friday, June 13th. Wall Street Zen cut USA Rare Earth from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Cantor Fitzgerald assumed coverage on USA Rare Earth in a research report on Friday, August 1st. They set an "overweight" rating and a $16.00 target price on the stock. Finally, Canaccord Genuity Group initiated coverage on shares of USA Rare Earth in a report on Friday, June 13th. They set a "buy" rating and a $17.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $16.00.

Insider Buying and Selling at USA Rare Earth

In other news, Director Michael Blitzer sold 2,091,849 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $15.75, for a total value of $32,946,621.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 46.60% of the stock is currently owned by corporate insiders.

USA Rare Earth Company Profile

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.