United Homes Group (NASDAQ:UHG) Trading Up 4.7% - Time to Buy?

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report)'s share price was up 4.7% on Tuesday . The company traded as high as $4.33 and last traded at $4.25. Approximately 88,266 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 251,765 shares. The stock had previously closed at $4.06.

United Homes Group Trading Up 5.1%

The company has a current ratio of 5.74, a quick ratio of 1.59 and a debt-to-equity ratio of 1.38. The business's fifty day simple moving average is $3.37 and its two-hundred day simple moving average is $3.21. The stock has a market capitalization of $230.89 million, a P/E ratio of 5.88 and a beta of 1.22.

United Homes Group (NASDAQ:UHG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $87.00 million during the quarter. United Homes Group had a net margin of 8.92% and a return on equity of 79.00%.

Insider Transactions at United Homes Group

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

Hedge Funds Weigh In On United Homes Group

A number of hedge funds and other institutional investors have recently made changes to their positions in UHG. Ground Swell Capital LLC bought a new position in shares of United Homes Group during the 2nd quarter worth about $32,000. AQR Capital Management LLC bought a new position in United Homes Group during the 1st quarter valued at about $34,000. Y Intercept Hong Kong Ltd bought a new position in United Homes Group during the 2nd quarter valued at about $35,000. Charles Schwab Investment Management Inc. lifted its holdings in United Homes Group by 34.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,396 shares of the company's stock valued at $66,000 after purchasing an additional 6,000 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in United Homes Group by 116.9% during the 4th quarter. JPMorgan Chase & Co. now owns 19,521 shares of the company's stock valued at $83,000 after purchasing an additional 10,523 shares during the last quarter. 88.85% of the stock is owned by 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.