United Homes Group (NASDAQ:UHG) Trading Up 0.5% - Should You Buy?

Key Points

• United Homes Group's stock increased by 0.5%, trading at $4.12, with a 40% decline in trading volume compared to its average.
• The company reported a net margin of 1.16% and a return on equity of 6.91%, with earnings per share of ($0.11) for the last quarter.
• Approximately 88.85% of United Homes Group's stock is owned by institutional investors, indicating strong interest from hedge funds in the company.

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report)'s stock price was up 0.5% during trading on Thursday . The company traded as high as $4.21 and last traded at $4.12. Approximately 42,388 shares changed hands during trading, a decline of 40% from the average daily volume of 70,777 shares. The stock had previously closed at $4.10.

United Homes Group Trading Up 0.5%

The firm has a market capitalization of $242.26 million, a PE ratio of 68.67 and a beta of 1.22. The stock's 50-day moving average price is $4.14 and its 200 day moving average price is $3.26. The company has a debt-to-equity ratio of 1.60, a current ratio of 5.41 and a quick ratio of 1.64.

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

Hedge Funds Weigh In On United Homes Group

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new position in United Homes Group during the second quarter valued at approximately $29,000. Ground Swell Capital LLC purchased a new position in United Homes Group during the second quarter valued at approximately $32,000. AQR Capital Management LLC purchased a new position in United Homes Group during the first quarter valued at approximately $34,000. Y Intercept Hong Kong Ltd purchased a new position in United Homes Group in the second quarter worth $35,000. Finally, Pitcairn Co. purchased a new position in United Homes Group in the second quarter worth $46,000. 88.85% of the stock is owned by hedge funds and other institutional investors.

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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