Shares of United Homes Group, Inc. (NASDAQ:UHG - Get Free Report) were down 0.9% during trading on Thursday . The stock traded as low as $1.16 and last traded at $1.16. Approximately 255,240 shares traded hands during trading, an increase of 190% from the average daily volume of 87,892 shares. The stock had previously closed at $1.17.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of United Homes Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, United Homes Group presently has an average rating of "Sell".
Read Our Latest Stock Report on United Homes Group
United Homes Group Stock Down 0.9%
The company's 50-day moving average is $1.50 and its 200 day moving average is $1.86. The company has a market capitalization of $68.24 million, a PE ratio of -4.14 and a beta of 1.16. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.03 and a current ratio of 5.31.
Hedge Funds Weigh In On United Homes Group
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its stake in United Homes Group by 20.6% during the 3rd quarter. Millennium Management LLC now owns 53,011 shares of the company's stock valued at $219,000 after acquiring an additional 9,067 shares during the period. NewEdge Advisors LLC bought a new position in United Homes Group during the 2nd quarter valued at about $29,000. Wolverine Asset Management LLC lifted its stake in United Homes Group by 106.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 19,818 shares of the company's stock valued at $82,000 after acquiring an additional 10,223 shares during the period. Dimensional Fund Advisors LP bought a new position in United Homes Group during the 3rd quarter valued at about $47,000. Finally, AQR Capital Management LLC bought a new position in United Homes Group during the 1st quarter valued at about $34,000. Institutional investors own 88.85% of the company's stock.
United Homes Group Company Profile
(
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. The company was founded in 2004 and is headquartered in Chapin, South Carolina.
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