Two Sigma Investments LP Trims Stock Position in UWM Holdings Co. (NYSE:UWMC)

Two Sigma Investments LP decreased its stake in UWM Holdings Co. (NYSE:UWMC - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 962,891 shares of the company's stock after selling 658,785 shares during the period. 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 hedge funds and other institutional investors have also modified their holdings of UWMC. SG Americas Securities LLC raised its holdings in UWM by 121.4% during the 4th quarter. SG Americas Securities LLC now owns 42,725 shares of the company's stock worth $251,000 after purchasing an additional 23,424 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of UWM by 64.6% in the 4th quarter. Blue Trust Inc. now owns 55,943 shares of the company's stock valued at $328,000 after buying an additional 21,948 shares during the last quarter. Lebenthal Global Advisors LLC lifted its stake in UWM by 132.9% in the fourth quarter. Lebenthal Global Advisors LLC now owns 97,759 shares of the company's stock valued at $574,000 after acquiring an additional 55,785 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in UWM by 31.2% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 30,148 shares of the company's stock valued at $177,000 after acquiring an additional 7,164 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in UWM by 37.0% during the 4th quarter. Bleakley Financial Group LLC now owns 39,723 shares of the company's stock valued at $233,000 after purchasing an additional 10,734 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company's stock.

UWM Stock Performance

NYSE UWMC traded up $0.03 during trading hours on Friday, hitting $4.30. The company's stock had a trading volume of 6,927,481 shares, compared to its average volume of 3,242,813. The company's 50 day simple moving average is $4.59 and its two-hundred day simple moving average is $5.58. The company has a market cap of $6.88 billion, a P/E ratio of -18.70 and a beta of 1.75. UWM Holdings Co. has a 12 month low of $3.89 and a 12 month high of $9.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40.

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 the consensus estimate of $0.06 by ($0.29). The business had revenue of $613.37 million during the quarter, compared to the consensus estimate of $558.80 million. As a group, sell-side analysts expect that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 9.30%. The ex-dividend date is Wednesday, June 18th. UWM's payout ratio is currently -307.69%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Wedbush restated a "neutral" rating and issued a $6.50 price target on shares of UWM in a research note on Monday, March 3rd. Keefe, Bruyette & Woods cut their target price on shares of UWM from $7.50 to $6.50 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, UBS Group upgraded shares of UWM from a "sell" rating to a "neutral" rating and dropped their price target for the stock from $4.75 to $4.50 in a research report on Wednesday, April 16th. Five equities research 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, the stock 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.