Newtyn Management LLC Buys Shares of 692,650 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 stake in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth comprises about 0.7% of Newtyn Management LLC's portfolio, making the stock its 24th largest position. Newtyn Management LLC owned about 0.85% of USA Rare Earth as of its most recent SEC filing.

Separately, Titleist Asset Management LLC bought a new stake in shares of USA Rare Earth during the 1st quarter worth $145,000.

USA Rare Earth Stock Performance

USA Rare Earth stock traded down $0.33 during trading hours on Monday, reaching $13.53. The stock had a trading volume of 2,752,042 shares, compared to its average volume of 2,524,208. The stock has a 50 day moving average of $13.65. USA Rare Earth Inc. has a 52 week low of $5.56 and a 52 week high of $20.00.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Cantor Fitzgerald assumed coverage on shares of USA Rare Earth in a research note on Friday, August 1st. They issued an "overweight" rating and a $16.00 price target for the company. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a research note on Friday, June 13th. Wall Street Zen lowered USA Rare Earth from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. 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 target on the stock. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, USA Rare Earth has an average rating of "Buy" and a consensus price target of $16.00.

Insider Buying and Selling

In related news, Director Michael Blitzer sold 2,091,849 shares of the stock in a transaction on Wednesday, August 13th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 46.60% of the company's stock.

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.