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. The company reported ($0.11) earnings per share (EPS) for the quarter, Zacks reports. United Homes Group had a net margin of 1.16% and a return on equity of 7.63%. The company had revenue of $105.51 million during the quarter.

United Homes Group Stock Down 4.1%

NASDAQ UHG traded down $0.17 during trading hours on Friday, hitting $3.98. The company had a trading volume of 50,474 shares, compared to its average volume of 229,795. United Homes Group has a fifty-two week low of $1.60 and a fifty-two week high of $6.93. The company has a market capitalization of $233.23 million, a price-to-earnings ratio of 66.33 and a beta of 1.22. The company has a debt-to-equity ratio of 1.38, a current ratio of 5.74 and a quick ratio of 1.59. The firm's 50 day moving average is $3.54 and its 200 day moving average is $3.20.

Insider Activity

In other United Homes Group news, major shareholder Patrick Michael Nieri bought 33,330 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $2.00 per share, for a total transaction of $66,660.00. Following the completion of the purchase, the insider directly owned 197,801 shares of the company's stock, valued at approximately $395,602. The trade was a 20.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Pennington W. Nieri bought 33,340 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $2.00 per share, with a total value of $66,680.00. Following the completion of the purchase, the vice president directly owned 197,860 shares of the company's stock, valued at approximately $395,720. This represents a 20.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 228,981 shares of company stock valued at $453,585 over the last 90 days. Insiders own 72.30% of the company's stock.

Hedge Funds Weigh In On United Homes Group

A hedge fund recently bought a new stake in United Homes Group stock. AQR Capital Management LLC bought a new position in United Homes Group, Inc. (NASDAQ:UHG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,065 shares of the company's stock, valued at approximately $34,000. Hedge funds and other institutional investors own 88.85% of the company's stock.

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.

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