USA Rare Earth Inc. $USAR Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of USA Rare Earth Inc. (NASDAQ:USAR) by 923.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,819 shares of the company’s stock after buying an additional 249,773 shares during the quarter. Sei Investments Co.’s holdings in USA Rare Earth were worth $4,190,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bayshore Capital Advisors LLC bought a new stake in shares of USA Rare Earth in the 4th quarter worth about $102,378,000. Vanguard Group Inc. lifted its position in shares of USA Rare Earth by 533.3% during the fourth quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock worth $71,834,000 after purchasing an additional 5,083,288 shares during the last quarter. Alyeska Investment Group L.P. grew 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 worth $219,034,000 after purchasing an additional 3,909,455 shares in the last quarter. Inflection Point Holdings II LLC acquired a new position in USA Rare Earth in the fourth quarter worth about $37,188,000. Finally, State Street Corp increased its holdings in USA Rare Earth by 78.4% in the fourth quarter. State Street Corp now owns 5,032,866 shares of the company’s stock valued at $59,891,000 after buying an additional 2,212,177 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Canaccord Genuity Group upped their price objective on USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Needham & Company LLC lowered their price target on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Northland Securities initiated coverage on USA Rare Earth in a research note on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price objective on the stock. Finally, Wedbush increased their target price on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.83.

Insiders Place Their Bets

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the sale, the director directly owned 18,783 shares of the company’s stock, valued at $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.10% of the stock is owned by corporate insiders.

USA Rare Earth Trading Up 1.5%

NASDAQ:USAR opened at $17.41 on Friday. The stock has a 50 day moving average of $19.89 and a 200-day moving average of $20.51. The firm has a market capitalization of $3.88 billion, a PE ratio of -4.44 and a beta of 2.55. USA Rare Earth Inc. has a 52 week low of $11.45 and a 52 week high of $43.98.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.04. The company had revenue of $5.70 million during the quarter. As a group, analysts predict that USA Rare Earth Inc. will post -0.35 EPS for the current fiscal year.

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.