Conversant Capital LLC Has $7.43 Million Stock Position in United Homes Group, Inc. (NASDAQ:UHG)

Conversant Capital LLC increased its stake in United Homes Group, Inc. (NASDAQ:UHG - Free Report) by 228.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,755,726 shares of the company's stock after buying an additional 1,220,553 shares during the quarter. United Homes Group comprises 1.0% of Conversant Capital LLC's portfolio, making the stock its 10th largest position. Conversant Capital LLC owned about 3.63% of United Homes Group worth $7,427,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC increased its holdings 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 worth $43,000 after purchasing an additional 6,285 shares during the last quarter. Barclays PLC increased its stake in shares of United Homes Group by 260.8% in 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 during the last quarter. JPMorgan Chase & Co. increased its stake in shares of United Homes Group by 189.0% in the third quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company's stock worth $55,000 after buying an additional 5,884 shares during the last quarter. Rhumbline Advisers raised its holdings in United Homes Group by 432.0% in the fourth quarter. Rhumbline Advisers now owns 26,596 shares of the company's stock valued at $112,000 after acquiring an additional 21,597 shares in the last quarter. Finally, Northern Trust Corp boosted 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 acquiring an additional 3,720 shares during the last quarter. 88.85% of the stock is owned by institutional investors and hedge funds.

United Homes Group Stock Up 4.7 %

Shares of United Homes Group stock traded up $0.08 during trading on Friday, reaching $1.80. The company had a trading volume of 487,647 shares, compared to its average volume of 65,104. The company has a market cap of $105.48 million, a price-to-earnings ratio of -3.05 and a beta of 0.97. United Homes Group, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $7.80. The firm's fifty day moving average is $2.68 and its 200-day moving average is $4.08. 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 (NASDAQ:UHG - Get Free Report) last announced 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 for the quarter. United Homes Group had a positive return on equity of 1,250.34% and a negative net margin of 4.58%.

About United Homes Group

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.