Anson Funds Management LP Cuts Position in United Homes Group, Inc. $UHG

Key Points

• Anson Funds Management LP reduced its stake in United Homes Group, Inc. by 30.4% in the first quarter, now holding approximately 1.78% of the company with a value of $2.92 million.
• United Homes Group's stock opened at $4.24 and has a market cap of $249.31 million, with a 52-week low of $1.60 and a high of $6.93.
• The company reported an earnings per share (EPS) of ($0.11) for the quarter, with revenues totaling $105.51 million.

Anson Funds Management LP cut its stake in United Homes Group, Inc. (NASDAQ:UHG - Free Report) by 30.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,043,922 shares of the company's stock after selling 456,078 shares during the period. Anson Funds Management LP owned about 1.78% of United Homes Group worth $2,923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in shares of United Homes Group during the 1st quarter valued at $34,000. Charles Schwab Investment Management Inc. raised its position in United Homes Group by 34.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,396 shares of the company's stock worth $66,000 after purchasing an additional 6,000 shares during the period. Millennium Management LLC raised its position in United Homes Group by 42.3% in the 4th quarter. Millennium Management LLC now owns 37,994 shares of the company's stock worth $161,000 after purchasing an additional 11,289 shares during the period. Seven Grand Managers LLC purchased a new position in United Homes Group in the 4th quarter worth $180,000. Finally, Northern Trust Corp raised its position in United Homes Group by 7.3% in the 4th quarter. Northern Trust Corp now owns 54,357 shares of the company's stock worth $230,000 after purchasing an additional 3,720 shares during the period. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

United Homes Group Price Performance

Shares of NASDAQ:UHG opened at $4.24 on Thursday. The stock has a market cap of $249.31 million, a PE ratio of 70.67 and a beta of 1.23. The company's fifty day moving average is $3.89 and its 200 day moving average is $3.19. United Homes Group, Inc. has a 52 week low of $1.60 and a 52 week high of $6.93. The company has a quick ratio of 1.64, a current ratio of 5.41 and a debt-to-equity ratio of 1.60.

United Homes Group (NASDAQ:UHG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.11) EPS for the quarter. The business had revenue of $105.51 million during the quarter. United Homes Group had a return on equity of 6.91% and a net margin of 1.16%.

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.

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