Conversant Capital LLC Reduces Stock Position in United Homes Group, Inc. $UHG

Key Points

• Conversant Capital LLC has reduced its stake in United Homes Group by 5.7%, selling 100,000 shares to hold a total of approximately 1.65 million shares, which represents 0.8% of its overall portfolio.
• Other institutional investors, including JPMorgan Chase & Co. and Northern Trust Corp, have also adjusted their positions, reflecting increased interest in United Homes Group among institutional holders.
• United Homes Group reported a loss of $0.11 EPS for the last quarter, with total revenue of $105.51 million, indicating challenges in profitability despite activity in the homebuilding sector.

Conversant Capital LLC decreased its holdings in United Homes Group, Inc. (NASDAQ:UHG - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,655,726 shares of the company's stock after selling 100,000 shares during the quarter. United Homes Group accounts for about 0.8% of Conversant Capital LLC's holdings, making the stock its 15th largest holding. Conversant Capital LLC owned 2.83% of United Homes Group worth $4,636,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp raised its holdings 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. Anson Funds Management LP raised its holdings in United Homes Group by 69.6% in the 1st quarter. Anson Funds Management LP now owns 2,543,922 shares of the company's stock worth $7,123,000 after purchasing an additional 1,043,922 shares during the period. JPMorgan Chase & Co. raised its holdings in United Homes Group by 116.9% in the 4th quarter. JPMorgan Chase & Co. now owns 19,521 shares of the company's stock worth $83,000 after purchasing an additional 10,523 shares during the period. Millennium Management LLC raised its holdings 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. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of United Homes Group during the fourth quarter valued at approximately $423,000. Institutional investors and hedge funds own 88.85% of the company's stock.

United Homes Group Price Performance

Shares of United Homes Group stock traded down $0.10 during mid-day trading on Wednesday, reaching $4.08. 16,537 shares of the stock traded hands, compared to its average volume of 181,493. The business has a 50-day moving average of $3.76 and a 200 day moving average of $3.18. United Homes Group, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $6.93. The stock has a market capitalization of $239.90 million, a PE ratio of 68.33 and a beta of 1.23. 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 announced its earnings results on Thursday, August 7th. The company reported ($0.11) EPS 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.

About United Homes Group

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.