UWM Holdings Co. (NYSE:UWMC) Given Average Recommendation of “Hold” by Brokerages

UWM Holdings Co. (NYSE:UWMC) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $7.39.

Several equities research analysts have recently weighed in on UWMC shares. The Goldman Sachs Group lowered their price target on shares of UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Morgan Stanley lowered their target price on UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods cut their price target on UWM from $7.00 to $6.50 and set a “market perform” rating on the stock in a report on Friday, January 3rd.

UWM Stock Up 0.2 %

NYSE:UWMC opened at $6.28 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. UWM has a 1-year low of $5.31 and a 1-year high of $9.74. The company has a 50-day moving average of $6.00 and a 200 day moving average of $7.15. The firm has a market cap of $10.04 billion, a PE ratio of -27.30 and a beta of 1.66.

Hedge Funds Weigh In On UWM

Institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in shares of UWM by 203.7% in the 2nd quarter. AQR Capital Management LLC now owns 258,883 shares of the company’s stock worth $1,784,000 after purchasing an additional 173,652 shares in the last quarter. CWM LLC boosted its holdings in UWM by 120.1% in the third quarter. CWM LLC now owns 14,243 shares of the company’s stock worth $121,000 after acquiring an additional 7,772 shares in the last quarter. Wedmont Private Capital grew its stake in shares of UWM by 10.8% during the third quarter. Wedmont Private Capital now owns 20,113 shares of the company’s stock worth $171,000 after acquiring an additional 1,963 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of UWM by 366.1% during the third quarter. Inspire Investing LLC now owns 179,298 shares of the company’s stock valued at $1,528,000 after acquiring an additional 140,830 shares in the last quarter. Finally, Creative Planning raised its position in shares of UWM by 42.4% in the 3rd quarter. Creative Planning now owns 48,963 shares of the company’s stock valued at $417,000 after purchasing an additional 14,589 shares during the last quarter. 53.59% of the stock is owned by hedge funds and other institutional investors.

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.