Cubist Systematic Strategies LLC Acquires 112,158 Shares of UWM Holdings Co. (NYSE:UWMC)

Cubist Systematic Strategies LLC raised its stake in UWM Holdings Co. (NYSE:UWMC - Free Report) by 26.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 539,650 shares of the company's stock after acquiring an additional 112,158 shares during the period. Cubist Systematic Strategies LLC's holdings in UWM were worth $3,168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. HB Wealth Management LLC grew its stake in shares of UWM by 23.0% in the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock worth $82,000 after buying an additional 2,631 shares in the last quarter. Mariner LLC grew its stake in shares of UWM by 5.1% in the 4th quarter. Mariner LLC now owns 64,455 shares of the company's stock worth $378,000 after buying an additional 3,126 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of UWM by 20.7% in the 4th quarter. Victory Capital Management Inc. now owns 20,330 shares of the company's stock worth $119,000 after buying an additional 3,488 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of UWM by 13.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock worth $174,000 after buying an additional 3,524 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of UWM by 9.9% in the 4th quarter. Wells Fargo & Company MN now owns 64,970 shares of the company's stock worth $381,000 after buying an additional 5,849 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UWMC shares. Wedbush reaffirmed a "neutral" rating and set a $6.50 price target on shares of UWM in a research note on Monday, March 3rd. Keefe, Bruyette & Woods dropped their price target on shares of UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. UBS Group raised shares of UWM from a "sell" rating to a "neutral" rating and dropped their price target for the stock from $4.75 to $4.50 in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group dropped their price target on shares of UWM from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.86.

UWM Trading Up 4.0%

UWM stock traded up $0.17 during trading hours on Friday, hitting $4.31. The company had a trading volume of 3,400,387 shares, compared to its average volume of 3,097,462. The firm has a market cap of $6.88 billion, a P/E ratio of -18.76 and a beta of 1.75. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. UWM Holdings Co. has a 1 year low of $4.00 and a 1 year high of $9.74. The company has a 50-day moving average price of $4.97 and a two-hundred day moving average price of $5.75.

UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.29). The business had revenue of $613.37 million for the quarter, compared to the consensus estimate of $558.80 million. On average, sell-side analysts anticipate that UWM Holdings Co. will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.40 annualized dividend and a yield of 9.29%. UWM's dividend payout ratio (DPR) is -307.69%.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.