Stonebridge Wealth Management LLC Acquires 379,282 Shares of United Homes Group, Inc. $UHG

Stonebridge Wealth Management LLC grew its holdings in shares of United Homes Group, Inc. (NASDAQ:UHG) by 84.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 829,782 shares of the company’s stock after acquiring an additional 379,282 shares during the quarter. United Homes Group accounts for approximately 3.1% of Stonebridge Wealth Management LLC’s holdings, making the stock its 11th biggest holding. Stonebridge Wealth Management LLC’s holdings in United Homes Group were worth $3,427,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UHG. NewEdge Advisors LLC purchased a new stake in shares of United Homes Group in the 2nd quarter valued at $29,000. Ground Swell Capital LLC purchased a new stake in United Homes Group during the second quarter valued at about $32,000. AQR Capital Management LLC bought a new position in shares of United Homes Group during the first quarter valued at about $34,000. Y Intercept Hong Kong Ltd purchased a new position in shares of United Homes Group in the second quarter worth about $35,000. Finally, Pitcairn Co. purchased a new position in shares of United Homes Group in the second quarter worth about $46,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of United Homes Group in a report on Monday, December 15th. Wall Street Zen downgraded United Homes Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, United Homes Group has a consensus rating of “Sell”.

United Homes Group Stock Up 11.7%

NASDAQ UHG opened at $1.62 on Friday. The company has a debt-to-equity ratio of 2.78, a current ratio of 5.73 and a quick ratio of 1.23. The stock has a market capitalization of $95.27 million, a PE ratio of -5.06 and a beta of 1.17. United Homes Group, Inc. has a 1 year low of $0.99 and a 1 year high of $4.81. The business’s 50-day moving average is $1.36 and its 200 day moving average is $2.99.

United Homes Group (NASDAQ:UHG) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.53) EPS for the quarter. The business had revenue of $90.79 million for the quarter. United Homes Group had a negative net margin of 4.49% and a negative return on equity of 37.81%.

United Homes Group 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. The company was founded in 2004 and is headquartered in Chapin, South Carolina.