D. E. Shaw & Co. Inc. Sells 349,450 Shares of UWM Holdings Co. (NYSE:UWMC)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Townsquare Capital LLC bought a new stake in UWM during the fourth quarter valued at about $72,000. Sanctuary Advisors LLC acquired a new stake in UWM in the 4th quarter valued at approximately $77,000. Sei Investments Co. bought a new position in UWM in the 4th quarter worth approximately $82,000. Victory Capital Management Inc. lifted its holdings 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 worth $119,000 after buying an additional 3,488 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of UWM during the fourth quarter worth approximately $121,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UWMC. The Goldman Sachs Group lowered their price objective on shares of UWM from $7.00 to $6.00 and set a "neutral" 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 stock from $4.75 to $4.50 in a report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered their price objective on UWM from $7.50 to $6.50 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $6.50 target price on shares of UWM in a research report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, UWM currently has an average rating of "Hold" and a consensus price target of $6.86.

UWM Price Performance

Shares of NYSE:UWMC traded up $0.03 on Friday, hitting $4.30. The stock had a trading volume of 6,927,481 shares, compared to its average volume of 3,235,496. The firm's 50 day moving average price is $4.59 and its 200-day moving average price is $5.58. 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 twelve month low of $3.89 and a twelve month high of $9.74. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of -18.70 and a beta of 1.75.

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

UWM Dividend Announcement

The firm also recently announced 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. This represents a $0.40 annualized dividend and a dividend yield of 9.30%. The ex-dividend date is Wednesday, June 18th. UWM's payout ratio is currently -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.