Schonfeld Strategic Advisors LLC Has $1.15 Million Stake in UWM Holdings Co. (NYSE:UWMC)

Schonfeld Strategic Advisors LLC decreased its position in UWM Holdings Co. (NYSE:UWMC - Free Report) by 80.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 196,002 shares of the company's stock after selling 789,366 shares during the period. Schonfeld Strategic Advisors LLC's holdings in UWM were worth $1,151,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Townsquare Capital LLC acquired a new position in UWM during the 4th quarter valued at approximately $72,000. Sanctuary Advisors LLC acquired a new stake in UWM during the 4th quarter worth about $77,000. HB Wealth Management LLC increased its stake in shares of UWM by 23.0% in the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock worth $82,000 after acquiring an additional 2,631 shares during the last quarter. Sei Investments Co. acquired a new stake in UWM in the fourth quarter valued at approximately $82,000. Finally, Secure Asset Management LLC bought a new position in shares of UWM in the 4th quarter valued at approximately $119,000. Institutional investors and hedge funds own 53.59% of the company's stock.

Analyst Upgrades and Downgrades

UWMC has been the topic of a number of analyst reports. UBS Group raised shares of UWM from a "sell" rating to a "neutral" rating and lowered their target price for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. The Goldman Sachs Group lowered their target price on UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods dropped their target price on UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Wedbush reiterated a "neutral" rating and issued a $6.50 target price on shares of UWM in a report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.86.

UWM Stock Performance

Shares of UWMC stock traded up $0.02 on Friday, hitting $4.23. The company had a trading volume of 2,998,087 shares, compared to its average volume of 3,018,647. The firm has a market cap of $6.76 billion, a P/E ratio of -18.39 and a beta of 1.75. The company has a 50-day moving average price of $5.14 and a 200-day moving average price of $5.81. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. UWM Holdings Co. has a twelve month low of $4.04 and a twelve month high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.29). The company had revenue of $613.37 million during the quarter, compared to analysts' expectations of $558.80 million. As a group, equities research analysts predict that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date of this dividend is Wednesday, June 18th. UWM's payout ratio is -307.69%.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.