UWM Holdings Co. (NYSE:UWMC) Holdings Lowered by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its position in UWM Holdings Co. (NYSE:UWMC - Free Report) by 91.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,726 shares of the company's stock after selling 349,450 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in UWM were worth $180,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Mariner LLC increased its position in shares of UWM by 5.1% in the fourth quarter. Mariner LLC now owns 64,455 shares of the company's stock valued at $378,000 after buying an additional 3,126 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of UWM by 20.7% during the fourth quarter. Victory Capital Management Inc. now owns 20,330 shares of the company's stock valued at $119,000 after acquiring an additional 3,488 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of UWM by 13.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock valued at $174,000 after acquiring an additional 3,524 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of UWM by 9.9% during the fourth quarter. Wells Fargo & Company MN now owns 64,970 shares of the company's stock valued at $381,000 after acquiring an additional 5,849 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of UWM by 25.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,014 shares of the company's stock valued at $176,000 after acquiring an additional 6,181 shares during the last quarter. Hedge funds and other institutional investors own 53.59% of the company's stock.

UWM Stock Performance

UWMC traded down $0.21 during trading on Monday, reaching $4.10. 6,890,713 shares of the company were exchanged, compared to its average volume of 3,257,258. The stock has a market cap of $6.55 billion, a P/E ratio of -17.80 and a beta of 1.75. The firm has a 50 day moving average of $4.56 and a 200 day moving average of $5.56. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. UWM Holdings Co. has a 52 week low of $3.89 and a 52 week high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $613.37 million during the quarter, compared to the consensus estimate of $558.80 million. On average, sell-side analysts forecast that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 9.77%. UWM's dividend payout ratio (DPR) is -307.69%.

Analyst Upgrades and Downgrades

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

UWM 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.