United Homes Group's (UHG) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• United Homes Group (UHG) has had its "sell (D+)" rating reaffirmed by Weiss Ratings, indicating a continued lack of confidence in the company's stock performance.
• Despite a slight increase of 0.5% to $4.05 on Wednesday, UHG's stock shows a significant range over the past year, with a low of $1.60 and a high of $6.93.
• Institutional investors have increased their holdings in UHG, with 88.85% of the stock now owned by such investors, suggesting growing interest despite the negative rating.

United Homes Group (NASDAQ:UHG - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

United Homes Group Stock Up 0.5%

Shares of UHG traded up $0.02 on Wednesday, reaching $4.05. The company's stock had a trading volume of 31,639 shares, compared to its average volume of 83,295. United Homes Group has a twelve month low of $1.60 and a twelve month high of $6.93. The company has a current ratio of 5.41, a quick ratio of 1.64 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $238.14 million, a PE ratio of 67.50 and a beta of 1.22. The firm has a fifty day moving average of $4.14 and a 200-day moving average of $3.27.

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

Institutional Trading of United Homes Group

A number of institutional investors and hedge funds have recently modified their holdings of UHG. Anson Funds Management LP grew its position in shares of United Homes Group by 69.6% during the 1st quarter. Anson Funds Management LP now owns 2,543,922 shares of the company's stock worth $7,123,000 after buying an additional 1,043,922 shares during the period. Stonebridge Wealth Management LLC purchased a new position in shares of United Homes Group during the 2nd quarter worth approximately $1,306,000. Bridgeway Capital Management LLC boosted its holdings in shares of United Homes Group by 180.0% in the second quarter. Bridgeway Capital Management LLC now owns 42,000 shares of the company's stock worth $122,000 after buying an additional 27,000 shares during the last quarter. Bailard Inc. purchased a new stake in United Homes Group in the 2nd quarter worth approximately $116,000. Finally, Millennium Management LLC boosted its position in shares of United Homes Group by 42.3% during the fourth quarter. Millennium Management LLC now owns 37,994 shares of the company's stock valued at $161,000 after buying an additional 11,289 shares during the period. 88.85% of the stock is currently owned by institutional investors.

United Homes Group Company Profile

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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