United Homes Group (NASDAQ:UHG) Trading 4.3% Higher - Here's Why

Key Points

• UHG shares jumped 4.3% to $1.22 on Friday with trading volume of about 1.49 million shares, a roughly 1,832% increase versus the average session volume.
• Institutional ownership is very high at 88.85%, and several funds (including Millennium, VELA, Bridgeway, Evernest and Jane Street) recently initiated or increased positions in UHG.
• United Homes Group is a small-cap homebuilder (market cap ~$71.8M) with a negative P/E (-4.36) and a relatively high debt-to-equity ratio (2.54), indicating it is currently unprofitable and carries leverage.

United Homes Group, Inc. (NASDAQ:UHG - )'s stock price traded up 4.3% during trading on Friday . The stock traded as high as $1.22 and last traded at $1.22. 1,490,802 shares traded hands during mid-day trading, an increase of 1,832% from the average session volume of 77,169 shares. The stock had previously closed at $1.17.

United Homes Group Stock Performance

The company has a quick ratio of 1.03, a current ratio of 5.31 and a debt-to-equity ratio of 2.54. The company has a 50 day moving average of $1.19 and a 200 day moving average of $1.55. The firm has a market cap of $71.77 million, a price-to-earnings ratio of -4.36 and a beta of 1.10.

Institutional Trading of United Homes Group

Several institutional investors and hedge funds have recently bought and sold shares of UHG. VELA Investment Management LLC bought a new position in shares of United Homes Group during the third quarter valued at approximately $413,000. Evernest Financial Advisors LLC bought a new position in shares of United Homes Group during the third quarter valued at approximately $260,000. Millennium Management LLC grew its holdings in shares of United Homes Group by 20.6% during the third quarter. Millennium Management LLC now owns 53,011 shares of the company's stock valued at $219,000 after purchasing an additional 9,067 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of United Homes Group by 180.0% during the second quarter. Bridgeway Capital Management LLC now owns 42,000 shares of the company's stock valued at $122,000 after purchasing an additional 27,000 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of United Homes Group during the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds 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. The company was founded in 2004 and is headquartered in Chapin, South Carolina.

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