United Homes Group (NASDAQ:UHG) Trading Up 9.2% - Time to Buy?

United Homes Group, Inc. (NASDAQ:UHG - Get Free Report)'s share price rose 9.2% during mid-day trading on Friday . The stock traded as high as $2.91 and last traded at $2.86. Approximately 189,232 shares changed hands during trading, an increase of 71% from the average daily volume of 110,705 shares. The stock had previously closed at $2.62.

United Homes Group Trading Down 0.7%

The stock has a market capitalization of $165.84 million, a PE ratio of 4.22 and a beta of 1.19. The company has a quick ratio of 1.59, a current ratio of 5.74 and a debt-to-equity ratio of 1.38. The business's 50-day moving average is $2.71 and its two-hundred day moving average is $3.26.

United Homes Group (NASDAQ:UHG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.03 EPS 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 Buying and Selling

In related news, major shareholder Patrick Michael Nieri acquired 50,000 shares of the firm's stock in a transaction on 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 insider directly owned 50,000 shares in the company, valued at approximately $97,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Pennington W. Nieri purchased 50,000 shares of United Homes Group stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average price of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the transaction, the vice president owned 50,000 shares in the company, valued at approximately $97,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 228,981 shares of company stock worth $453,585. 85.30% of the stock is currently owned by insiders.

Institutional Trading of United Homes Group

A number of hedge funds and other institutional investors have recently made changes to their positions in UHG. Northern Trust Corp increased its position in shares of United Homes Group by 7.3% in the fourth quarter. Northern Trust Corp now owns 54,357 shares of the company's stock worth $230,000 after acquiring an additional 3,720 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in United Homes Group by 34.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,396 shares of the company's stock worth $66,000 after acquiring an additional 6,000 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of United Homes Group by 116.9% in the fourth quarter. JPMorgan Chase & Co. now owns 19,521 shares of the company's stock worth $83,000 after buying an additional 10,523 shares during the last quarter. Millennium Management LLC lifted its stake in shares of United Homes Group by 42.3% in the fourth quarter. Millennium Management LLC now owns 37,994 shares of the company's stock worth $161,000 after buying an additional 11,289 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in United Homes Group during the 1st quarter valued at $34,000. 88.85% of the stock is currently 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.