United Homes Group (NASDAQ:UHG) Trading Up 4.7% – Here’s Why

United Homes Group, Inc. (NASDAQ:UHG) was up 4.7% on Tuesday . The company traded as high as $4.33 and last traded at $4.25. Approximately 88,266 shares were traded during trading, a decline of 65% from the average daily volume of 251,765 shares. The stock had previously closed at $4.06.

United Homes Group Stock Up 4.7%

The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.59 and a current ratio of 5.74. The stock has a market capitalization of $249.05 million, a PE ratio of 6.34 and a beta of 1.19. The business has a 50 day moving average of $3.25 and a two-hundred day moving average of $3.21.

United Homes Group (NASDAQ:UHG) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $87.00 million during the quarter. United Homes Group had a return on equity of 79.00% and a net margin of 8.92%.

Insiders Place Their Bets

In related news, major shareholder Patrick Michael Nieri acquired 33,330 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $2.00 per share, for a total transaction of $66,660.00. Following the purchase, the insider directly owned 197,801 shares of the company’s stock, valued at $395,602. This trade represents a 20.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Pennington W. Nieri acquired 33,340 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $2.00 per share, with a total value of $66,680.00. Following the completion of the purchase, the vice president directly owned 197,860 shares in the company, valued at $395,720. The trade was a 20.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 228,981 shares of company stock valued at $453,585 over the last 90 days. 85.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United Homes Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC purchased a new stake in United Homes Group in the first quarter valued at about $34,000. Charles Schwab Investment Management Inc. increased its holdings in shares of United Homes Group by 34.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,396 shares of the company’s stock valued at $66,000 after purchasing an additional 6,000 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of United Homes Group by 116.9% in the fourth quarter. JPMorgan Chase & Co. now owns 19,521 shares of the company’s stock valued at $83,000 after purchasing an additional 10,523 shares during the period. Millennium Management LLC increased its holdings in shares of United Homes Group by 42.3% in the fourth quarter. Millennium Management LLC now owns 37,994 shares of the company’s stock valued at $161,000 after purchasing an additional 11,289 shares during the period. Finally, Seven Grand Managers LLC acquired a new stake in United Homes Group during the fourth quarter worth about $180,000. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

United Homes Group Company Profile

United Homes Group, Inc, a homebuilding company, engages in the design, building, and sale of homes in South Carolina, North Carolina, and Georgia. It provides detached single-family houses, as well as attached single-family houses, including duplex and town houses for entry-level buyers, first time move-ups, second time move-ups, third time move-ups, and custom builds.