United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) major shareholder Patrick Michael Nieri acquired 33,330 shares of United Homes Group stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $2.00 per share, with a total value of $66,660.00. Following the completion of the purchase, the insider now directly owns 197,801 shares of the company's stock, valued at $395,602. The trade was a 20.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Patrick Michael Nieri also recently made the following trade(s):
- On Friday, May 23rd, Patrick Michael Nieri acquired 31,151 shares of United Homes Group stock. The stock was purchased at an average price of $2.01 per share, with a total value of $62,613.51.
- On Thursday, May 22nd, Patrick Michael Nieri acquired 50,000 shares of United Homes Group stock. The stock was purchased at an average price of $1.95 per share, with a total value of $97,500.00.
United Homes Group Stock Performance
Shares of United Homes Group stock traded up $0.30 on Friday, reaching $2.90. The stock had a trading volume of 435,323 shares, compared to its average volume of 88,313. The business's 50-day moving average price is $2.26 and its two-hundred day moving average price is $3.68. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.58 and a current ratio of 6.62. United Homes Group, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $7.80. The stock has a market cap of $169.95 million, a P/E ratio of -4.92 and a beta of 0.97.
United Homes Group (NASDAQ:UHG - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter. The firm had revenue of $87.00 million during the quarter. United Homes Group had a negative net margin of 4.58% and a positive return on equity of 1,250.34%.
Hedge Funds Weigh In On United Homes Group
Several large investors have recently bought and sold shares of the stock. Northern Trust Corp raised its stake in United Homes Group by 7.3% during the 4th quarter. Northern Trust Corp now owns 54,357 shares of the company's stock valued at $230,000 after purchasing an additional 3,720 shares during the last quarter. JPMorgan Chase & Co. raised its stake in United Homes Group by 189.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company's stock valued at $55,000 after purchasing an additional 5,884 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in United Homes Group by 34.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,396 shares of the company's stock valued at $66,000 after purchasing an additional 6,000 shares during the last quarter. Wolverine Asset Management LLC raised its stake in United Homes Group by 157.9% during the 4th quarter. Wolverine Asset Management LLC now owns 10,265 shares of the company's stock valued at $43,000 after purchasing an additional 6,285 shares during the last quarter. Finally, Stoneridge Investment Partners LLC raised its stake in United Homes Group by 16.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 56,776 shares of the company's stock valued at $240,000 after purchasing an additional 8,187 shares during the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.
About United Homes Group
(
Get Free Report)
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.
Further Reading
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