Weaver Capital Management LLC Buys Shares of 100,000 USA Rare Earth Inc. $USAR

Weaver Capital Management LLC bought a new stake in USA Rare Earth Inc. (NASDAQ:USAR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 100,000 shares of the company’s stock, valued at approximately $1,190,000. Weaver Capital Management LLC owned about 0.08% of USA Rare Earth as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USAR. Alyeska Investment Group L.P. boosted its stake in USA Rare Earth by 44.0% in the third quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock valued at $219,034,000 after acquiring an additional 3,909,455 shares during the last quarter. Altfest L J & Co. Inc. purchased a new stake in shares of USA Rare Earth during the 3rd quarter valued at approximately $13,554,000. Tudor Investment Corp ET AL purchased a new stake in shares of USA Rare Earth during the 3rd quarter valued at approximately $8,304,000. Millennium Management LLC purchased a new stake in shares of USA Rare Earth during the 3rd quarter valued at approximately $7,966,000. Finally, Sovran Advisors LLC lifted its stake in shares of USA Rare Earth by 119.7% during the 4th quarter. Sovran Advisors LLC now owns 489,707 shares of the company’s stock valued at $5,828,000 after buying an additional 266,783 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on USAR. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a research note on Friday, March 27th. Cantor Fitzgerald upped their price target on shares of USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Canaccord Genuity Group decreased their target price on shares of USA Rare Earth from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Roth Mkm upped their target price on shares of USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Benchmark assumed coverage on shares of USA Rare Earth in a report on Wednesday, January 21st. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, USA Rare Earth has an average rating of “Moderate Buy” and an average price target of $33.00.

Insider Buying and Selling

In related news, Director Carolyn Trabuco purchased 1,300 shares of the firm’s stock in a transaction dated Thursday, January 29th. The shares were purchased at an average price of $22.60 per share, with a total value of $29,380.00. Following the acquisition, the director directly owned 1,300 shares of the company’s stock, valued at approximately $29,380. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Blitzer purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was bought at an average cost of $21.44 per share, for a total transaction of $2,144,000.00. Following the acquisition, the director directly owned 847,500 shares in the company, valued at approximately $18,170,400. The trade was a 13.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 46.60% of the company’s stock.

USA Rare Earth Trading Up 14.6%

USA Rare Earth stock opened at $16.78 on Thursday. The firm’s 50 day simple moving average is $18.92 and its 200 day simple moving average is $18.83. The firm has a market capitalization of $3.66 billion, a PE ratio of -5.59 and a beta of 1.34. USA Rare Earth Inc. has a 1-year low of $7.25 and a 1-year high of $43.98.

USA Rare Earth (NASDAQ:USAR) last posted its earnings results on Monday, March 30th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). The company had revenue of $1.64 million for the quarter.

About USA Rare Earth

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.