Conversant Capital LLC Increases Stock Position in United Homes Group, Inc. (NASDAQ:UHG)

Conversant Capital LLC raised its position in shares of United Homes Group, Inc. (NASDAQ:UHG - Free Report) by 228.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,755,726 shares of the company's stock after purchasing an additional 1,220,553 shares during the quarter. United Homes Group accounts for 1.0% of Conversant Capital LLC's investment portfolio, making the stock its 10th biggest holding. Conversant Capital LLC owned about 3.63% of United Homes Group worth $7,427,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UHG. Barclays PLC increased its holdings in shares of United Homes Group by 260.8% during the third quarter. Barclays PLC now owns 7,500 shares of the company's stock worth $46,000 after buying an additional 5,421 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of United Homes Group by 189.0% during the third quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company's stock worth $55,000 after purchasing an additional 5,884 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of United Homes Group by 157.9% during the fourth quarter. Wolverine Asset Management LLC now owns 10,265 shares of the company's stock worth $43,000 after purchasing an additional 6,285 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of United Homes Group by 432.0% during the fourth quarter. Rhumbline Advisers now owns 26,596 shares of the company's stock worth $112,000 after acquiring an additional 21,597 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of United Homes Group by 7.3% during the fourth quarter. Northern Trust Corp now owns 54,357 shares of the company's stock worth $230,000 after acquiring an additional 3,720 shares during the period. 88.85% of the stock is owned by institutional investors and hedge funds.

United Homes Group Stock Up 7.7%

UHG stock traded up $0.14 during midday trading on Monday, hitting $1.94. The company's stock had a trading volume of 970,670 shares, compared to its average volume of 68,981. The company's fifty day moving average price is $2.68 and its 200 day moving average price is $4.05. United Homes Group, Inc. has a twelve month low of $1.60 and a twelve month high of $7.80. The stock has a market capitalization of $113.63 million, a P/E ratio of -3.29 and a beta of 0.97. The company has a debt-to-equity ratio of 7.16, a current ratio of 6.62 and a quick ratio of 1.58.

United Homes Group (NASDAQ:UHG - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $134.81 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%.

United Homes Group Profile

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.