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

Key Points

• Anson Funds Management LP increased its stake in United Homes Group, Inc. by 69.6% during the first quarter, now holding over 2.5 million shares valued at approximately $7.1 million.
• Other institutional investors have also significantly increased their positions, including Conversant Capital LLC, which boosted its holdings by 228.1% in the last quarter.
• United Homes Group's stock saw a 7.2% increase and is currently trading at $4.49, reflecting positive market interest and confidence.

Anson Funds Management LP boosted its position in United Homes Group, Inc. (NASDAQ:UHG - Free Report) by 69.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,543,922 shares of the company's stock after buying an additional 1,043,922 shares during the quarter. United Homes Group makes up about 1.0% of Anson Funds Management LP's holdings, making the stock its 23rd largest position. Anson Funds Management LP owned about 4.34% of United Homes Group worth $7,123,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Conversant Capital LLC boosted its stake in United Homes Group by 228.1% during the fourth quarter. Conversant Capital LLC now owns 1,755,726 shares of the company's stock valued at $7,427,000 after buying an additional 1,220,553 shares during the period. Polar Asset Management Partners Inc. bought a new stake in United Homes Group during the fourth quarter valued at $423,000. Ghisallo Capital Management LLC bought a new stake in United Homes Group during the fourth quarter valued at $385,000. Northern Trust Corp raised its position in United Homes Group by 7.3% during the fourth quarter. Northern Trust Corp now owns 54,357 shares of the company's stock valued at $230,000 after purchasing an additional 3,720 shares in the last quarter. Finally, Seven Grand Managers LLC purchased a new stake in United Homes Group during the fourth quarter valued at about $180,000. Institutional investors own 88.85% of the company's stock.

United Homes Group Price Performance

NASDAQ UHG traded down $0.10 during trading hours on Friday, reaching $4.16. 21,008 shares of the stock traded hands, compared to its average volume of 183,226. The stock has a 50 day simple moving average of $3.72 and a two-hundred day simple moving average of $3.19. United Homes Group, Inc. has a 1 year low of $1.60 and a 1 year high of $6.93. The company has a debt-to-equity ratio of 1.60, a current ratio of 5.41 and a quick ratio of 1.64. The company has a market cap of $244.31 million, a price-to-earnings ratio of 69.25 and a beta of 1.22.

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

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.