United Homes Group (NASDAQ:UHG) Issues Quarterly Earnings Results

Key Points

• United Homes Group reported a quarterly earnings loss of ($0.11) per share, with revenue totaling $105.51 million and a net margin of 1.16%.
• The company's stock price decreased by 4.1% to $3.98 following the earnings report, with a market capitalization of $233.23 million.
• Insiders have significantly increased their ownership, purchasing 228,981 shares valued at approximately $453,585 over the past 90 days.

United Homes Group (NASDAQ:UHG - Get Free Report) announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, Zacks reports. The firm had revenue of $105.51 million for the quarter. United Homes Group had a return on equity of 6.91% and a net margin of 1.16%.

United Homes Group Trading Down 3.3%

Shares of NASDAQ UHG traded down $0.14 during midday trading on Thursday, reaching $4.06. 119,487 shares of the stock were exchanged, compared to its average volume of 173,052. The business has a 50-day simple moving average of $3.57 and a two-hundred day simple moving average of $3.19. The company has a market capitalization of $237.92 million, a price-to-earnings ratio of 67.67 and a beta of 1.22. United Homes Group has a 12 month low of $1.60 and a 12 month high of $6.93. The company has a debt-to-equity ratio of 1.60, a current ratio of 5.41 and a quick ratio of 1.59.

Insiders Place Their Bets

In related news, major shareholder Patrick Michael Nieri purchased 50,000 shares of United Homes Group stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the acquisition, the insider directly owned 50,000 shares of the company's stock, valued at $97,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Pennington W. Nieri purchased 50,000 shares of United Homes Group stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $1.95 per share, with a total value of $97,500.00. Following the acquisition, the vice president directly owned 50,000 shares of the company's stock, valued at approximately $97,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 228,981 shares of company stock worth $453,585. Insiders own 72.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new position in United Homes Group during the second quarter worth $29,000. AQR Capital Management LLC acquired a new position in United Homes Group during the first quarter worth $34,000. Marshall Wace LLP acquired a new position in United Homes Group during the second quarter worth $56,000. Finally, XTX Topco Ltd acquired a new position in United Homes Group during the second quarter worth $72,000. Institutional investors and hedge funds own 88.85% of the company's stock.

United Homes Group Company 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.