Two Sigma Investments LP Lowers Stake in UWM Holdings Co. (NYSE:UWMC)

Two Sigma Investments LP lessened its position in UWM Holdings Co. (NYSE:UWMC - Free Report) by 40.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 962,891 shares of the company's stock after selling 658,785 shares during the quarter. Two Sigma Investments LP owned approximately 0.06% of UWM worth $5,652,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in UWM by 121.4% in the 4th quarter. SG Americas Securities LLC now owns 42,725 shares of the company's stock valued at $251,000 after purchasing an additional 23,424 shares in the last quarter. Blue Trust Inc. grew its stake in UWM by 64.6% during the 4th quarter. Blue Trust Inc. now owns 55,943 shares of the company's stock worth $328,000 after buying an additional 21,948 shares during the last quarter. Lebenthal Global Advisors LLC grew its stake in UWM by 132.9% during the 4th quarter. Lebenthal Global Advisors LLC now owns 97,759 shares of the company's stock worth $574,000 after buying an additional 55,785 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in UWM by 31.2% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 30,148 shares of the company's stock worth $177,000 after buying an additional 7,164 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in UWM by 37.0% during the 4th quarter. Bleakley Financial Group LLC now owns 39,723 shares of the company's stock worth $233,000 after buying an additional 10,734 shares during the last quarter. Hedge funds and other institutional investors own 53.59% of the company's stock.

UWM Price Performance

Shares of NYSE UWMC traded up $0.08 during trading on Wednesday, reaching $4.18. The company had a trading volume of 5,192,292 shares, compared to its average volume of 3,199,093. UWM Holdings Co. has a twelve month low of $3.89 and a twelve month high of $9.74. The stock has a market capitalization of $6.68 billion, a PE ratio of -18.17 and a beta of 1.75. The stock has a 50-day moving average price of $4.65 and a two-hundred day moving average price of $5.60. 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 (NYSE:UWMC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.29). The firm had revenue of $613.37 million during the quarter, compared to analyst estimates of $558.80 million. As a group, sell-side analysts predict that UWM Holdings Co. will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 9.57%. The ex-dividend date is Wednesday, June 18th. UWM's dividend payout ratio (DPR) is presently -307.69%.

Analysts Set New Price Targets

UWMC has been the topic of several analyst reports. Wedbush reiterated a "neutral" rating and issued a $6.50 target price on shares of UWM in a research note on Monday, March 3rd. The Goldman Sachs Group reduced their price target on UWM from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Keefe, Bruyette & Woods reduced their price target on UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Finally, UBS Group raised UWM from a "sell" rating to a "neutral" rating and reduced their price objective for the stock from $4.75 to $4.50 in a report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, UWM presently has an average rating of "Hold" and a consensus target price of $6.86.

About UWM

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.