Cinctive Capital Management LP Invests $645,000 in USA Rare Earth Inc. $USAR

Cinctive Capital Management LP acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 37,547 shares of the company’s stock, valued at approximately $645,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in USA Rare Earth by 9.9% during the 3rd quarter. Vanguard Group Inc. now owns 953,198 shares of the company’s stock worth $16,385,000 after buying an additional 86,134 shares during the period. Altfest L J & Co. Inc. purchased a new position in USA Rare Earth in the 3rd quarter valued at approximately $13,554,000. Geode Capital Management LLC grew its stake in shares of USA Rare Earth by 2,437.5% in the second quarter. Geode Capital Management LLC now owns 653,290 shares of the company’s stock worth $7,160,000 after acquiring an additional 627,545 shares in the last quarter. Bank of America Corp DE increased its position in shares of USA Rare Earth by 43.0% during the third quarter. Bank of America Corp DE now owns 347,086 shares of the company’s stock worth $5,966,000 after acquiring an additional 104,360 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of USA Rare Earth during the third quarter worth $4,463,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on USAR shares. Roth Mkm lifted their target price on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, January 26th. Canaccord Genuity Group upped their price target on USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Cantor Fitzgerald increased their price target on USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Finally, Benchmark assumed coverage on USA Rare Earth in a research report on Wednesday, January 21st. They set a “buy” rating for the company. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.33.

Insider Buying and Selling at USA Rare Earth

In other USA Rare Earth news, Director Michael Blitzer purchased 100,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was bought at an average cost of $21.44 per share, with a total value of $2,144,000.00. Following the acquisition, the director directly owned 847,500 shares of the company’s stock, valued at approximately $18,170,400. This represents a 13.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carolyn Trabuco acquired 1,300 shares of the stock in a transaction dated Thursday, January 29th. The shares were acquired at an average cost of $22.60 per share, with a total value of $29,380.00. Following the completion of the transaction, the director owned 1,300 shares in the company, valued at approximately $29,380. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 46.60% of the company’s stock.

USA Rare Earth Trading Up 0.2%

Shares of USAR opened at $19.49 on Tuesday. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of -37.48 and a beta of 1.06. The firm’s fifty day simple moving average is $20.14 and its 200-day simple moving average is $18.65. USA Rare Earth Inc. has a twelve month low of $5.56 and a twelve month high of $43.98.

USA Rare Earth Profile

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.