UWM Holdings Corporation $UWMC Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its position in shares of UWM Holdings Corporation (NYSE:UWMC) by 81.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 812,854 shares of the company’s stock after selling 3,594,182 shares during the quarter. First Trust Advisors LP owned about 0.05% of UWM worth $2,943,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of UWMC. Allworth Financial LP lifted its position in UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after purchasing an additional 4,091 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of UWM in the second quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its stake in shares of UWM by 1,410.7% in the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after purchasing an additional 8,027 shares during the period. Advisory Services Network LLC bought a new stake in shares of UWM during the third quarter valued at approximately $38,000. Finally, Fifth Third Bancorp bought a new stake in shares of UWM during the first quarter valued at approximately $41,000. Institutional investors own 53.59% of the company’s stock.

UWM Trading Down 35.1%

NYSE:UWMC opened at $1.20 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 3.13. UWM Holdings Corporation has a 1-year low of $0.93 and a 1-year high of $7.14. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -14.94 and a beta of 1.78. The stock has a fifty day simple moving average of $2.16 and a 200 day simple moving average of $3.40.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.30). UWM had a negative return on equity of 5.61% and a negative net margin of 1.04%.The company had revenue of $888.00 million during the quarter, compared to analysts’ expectations of $727.46 million. Sell-side analysts forecast that UWM Holdings Corporation will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

UWMC has been the subject of a number of recent analyst reports. Citigroup raised UWM to an “outperform” rating in a report on Wednesday, July 29th. Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $4.50 to $3.75 in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $5.50 price target on shares of UWM in a report on Thursday, May 7th. BTIG Research set a $2.00 price objective on shares of UWM in a report on Friday. Finally, Morgan Stanley decreased their target price on shares of UWM from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Monday, July 20th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.47.

UWM News Summary

Here are the key news stories impacting UWM this week:

• Positive Sentiment: UWM announced a $2.05 billion strategic equity investment from the Ishbia family and Oaktree. Management said the funding should improve liquidity, support growth and help reduce its nonfunding debt-to-equity target to approximately 1.2x. UWM Announces Strategic Capital Partnership
• Positive Sentiment: Second-quarter revenue of $888.0 million exceeded the roughly $727.5 million analyst consensus, while loan origination volume reached $39.7 billion and adjusted EBITDA totaled $185.9 million. UWM Second-Quarter Results
• Neutral Sentiment: Unusually heavy options activity accompanied the selloff, with traders purchasing 26,964 call options—about 317% above average daily call volume. This may reflect speculative bullish positioning but does not change the company’s fundamentals.
• Negative Sentiment: UWM reported a $451.9 million net loss, or $0.23 per share, compared with expectations for $0.07 of earnings and $0.16 of EPS a year earlier. The sizable earnings miss overshadowed the revenue beat. UWM Q2 Loss and Revenue Results
• Negative Sentiment: The company suspended its dividend and is pursuing roughly $3 billion of total equity. Investors are concerned about the cost of the preferred-equity and warrant financing, as well as potential dilution to existing shareholders. UWM Preferreds, Warrants and Dilution
• Negative Sentiment: The capital actions signal that management is prioritizing liquidity and deleveraging over near-term shareholder returns. The combination of a dividend suspension, significant dilution risk and the quarterly loss brought the stock closer to its 52-week low. United Wholesale Mortgage Capital Raise

UWM Company Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.