USA Rare Earth Inc. $USAR Shares Newly Purchased by Private Advisory Group LLC

Key Points

• Private Advisory Group purchased 396,183 USA Rare Earth shares in the third quarter, a stake valued at about $5.6 million, or 0.16% of the company.
• Other institutions also disclosed new positions, including BlackRock, whose stake was valued at approximately $335.8 million.
• USA Rare Earth missed quarterly earnings and revenue estimates, reporting an adjusted loss of $0.44 per share and $3 million in revenue. Shares opened at $8.07, while analysts’ average price target was $32.29 and the consensus rating was “Moderate Buy.”

Private Advisory Group LLC purchased a new stake in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 396,183 shares of the company's stock, valued at approximately $5,578,000. Private Advisory Group LLC owned 0.16% of USA Rare Earth at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in USAR. BlackRock Inc. purchased a new position in shares of USA Rare Earth during the 2nd quarter worth about $335,795,000. Bank of America Corp DE purchased a new stake in USA Rare Earth in the second quarter valued at approximately $32,762,000. Korea Investment CORP purchased a new stake in USA Rare Earth in the second quarter valued at approximately $18,108,000. Weiss Asset Management LP purchased a new stake in USA Rare Earth in the first quarter valued at approximately $17,103,000. Finally, Bank of New York Mellon Corp acquired a new position in USA Rare Earth during the second quarter worth approximately $13,510,000.

USA Rare Earth Trading Down 2.4%

Shares of NASDAQ:USAR opened at $8.07 on Friday. USA Rare Earth Inc. has a 1 year low of $6.84 and a 1 year high of $32.80. The stock has a 50-day simple moving average of $12.47 and a 200-day simple moving average of $18.28.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its earnings results on Monday, November 9th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.25). USA Rare Earth had a negative return on equity of 12.81% and a negative net margin of 716.54%. The business had revenue of $3.00 million for the quarter, compared to analyst estimates of $6.50 million. During the same period last year, the company posted ($0.25) EPS. On average, equities analysts predict that USA Rare Earth Inc. will post -0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

USAR has been the topic of a number of recent analyst reports. Roth Capital cut their price target on shares of USA Rare Earth from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, July 21st. Cantor Fitzgerald lowered their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday. Wall Street Zen downgraded USA Rare Earth from a "sell" rating to a "strong sell" rating in a report on Saturday, October 24th. Needham & Company LLC cut their target price on USA Rare Earth from $39.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of USA Rare Earth in a report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, USA Rare Earth has an average rating of "Moderate Buy" and an average price target of $32.29.

USA Rare Earth Company Profile

USA Rare Earth, Inc. is developing a U.S.-focused supply chain for rare earth materials and permanent magnets used in electric vehicles, wind turbines, electronics, aerospace and defense applications. Its planned activities span mineral extraction, materials processing and magnet manufacturing. The company is advancing the Round Top deposit in West Texas, a project that contains rare earth elements as well as other minerals used in advanced technologies. USA Rare Earth has described the deposit as a potential source of both light and heavy rare earths, which are important inputs for high-performance magnets and other industrial products.

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