HITE Hedge Asset Management LLC Acquires New Stake in USA Rare Earth Inc. $USAR

HITE Hedge Asset Management LLC acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 231,080 shares of the company’s stock, valued at approximately $3,972,000. HITE Hedge Asset Management LLC owned 0.20% of USA Rare Earth as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of USAR. NewEdge Advisors LLC lifted its stake in shares of USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of USA Rare Earth by 10,448.0% during the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after acquiring an additional 2,612 shares during the period. Osaic Holdings Inc. purchased a new position in USA Rare Earth during the second quarter worth about $38,000. KLP Kapitalforvaltning AS purchased a new position in USA Rare Earth during the third quarter worth about $69,000. Finally, Jones Financial Companies Lllp lifted its position in USA Rare Earth by 2,204.3% in the third quarter. Jones Financial Companies Lllp now owns 8,065 shares of the company’s stock valued at $140,000 after purchasing an additional 7,715 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 29th. Benchmark began coverage on USA Rare Earth in a research note on Wednesday, January 21st. They set a “buy” rating for the company. Cantor Fitzgerald raised their price target on USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, January 30th. UBS Group restated a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Finally, Roth Mkm upped their price objective on USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, USA Rare Earth has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Insider Transactions at USA Rare Earth

In related news, Director Michael Blitzer bought 100,000 shares of the company’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 completion of the acquisition, the director owned 847,500 shares in the company, valued at approximately $18,170,400. This represents a 13.38% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carolyn Trabuco purchased 1,300 shares of USA Rare Earth stock in a transaction dated Thursday, January 29th. The shares were bought at an average price 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 trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 46.60% of the company’s stock.

USA Rare Earth Stock Down 6.4%

Shares of NASDAQ USAR opened at $19.75 on Friday. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -37.98 and a beta of 1.05. USA Rare Earth Inc. has a 52 week low of $5.56 and a 52 week high of $43.98. The firm has a 50-day moving average price of $19.96 and a 200 day moving average price of $18.56.

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.