Inflection Point Holdings II LLC Makes New $37.19 Million Investment in USA Rare Earth Inc. $USAR

Inflection Point Holdings II LLC purchased a new position in USA Rare Earth Inc. (NASDAQ:USAR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 3,125,000 shares of the company’s stock, valued at approximately $37,188,000. USA Rare Earth makes up about 100.0% of Inflection Point Holdings II LLC’s holdings, making the stock its biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC acquired a new position in USA Rare Earth in the fourth quarter worth approximately $310,000. Engineers Gate Manager LP grew its position in USA Rare Earth by 297.7% in the fourth quarter. Engineers Gate Manager LP now owns 58,345 shares of the company’s stock worth $694,000 after buying an additional 43,673 shares during the last quarter. AQR Capital Management LLC acquired a new position in USA Rare Earth in the fourth quarter worth approximately $142,000. Amundi acquired a new position in USA Rare Earth in the fourth quarter worth approximately $201,000. Finally, Jump Financial LLC grew its position in USA Rare Earth by 8,662.7% during the 4th quarter. Jump Financial LLC now owns 1,274,189 shares of the company’s stock worth $15,163,000 after purchasing an additional 1,259,648 shares in the last quarter.

USA Rare Earth Stock Up 8.3%

USA Rare Earth stock opened at $23.55 on Thursday. The company’s fifty day simple moving average is $23.28 and its 200-day simple moving average is $19.80. USA Rare Earth Inc. has a 12 month low of $9.32 and a 12 month high of $43.98. The stock has a market cap of $5.25 billion, a P/E ratio of -6.01 and a beta of 2.33.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.04. The company had revenue of $5.70 million for the quarter. On average, equities research analysts expect that USA Rare Earth Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Activity at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the transaction, the director directly owned 18,783 shares in the company, valued at $427,688.91. The trade was a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 9.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Roth Mkm reiterated a “buy” rating on shares of USA Rare Earth in a research report on Thursday, June 4th. Wedbush lifted their price objective on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald reiterated an “overweight” rating and set a $40.00 price objective on shares of USA Rare Earth in a research report on Thursday, June 4th. Canaccord Genuity Group lifted their price objective on shares of USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $36.83.

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.