UWM Holdings Corporation (NYSE:UWMC) Receives $4.01 Consensus PT from Analysts

Shares of UWM Holdings Corporation (NYSE:UWMC) have received a consensus rating of “Hold” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $4.0136.

UWMC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective on UWM from $3.75 to $2.75 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Zacks Research lowered UWM from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 5th. Wall Street Zen cut UWM from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Citizens Jmp upgraded UWM from a “market perform” rating to an “outperform” rating and set a $3.00 price target on the stock in a report on Wednesday, July 29th. Finally, Morgan Stanley reduced their price target on UWM from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Monday, July 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of UWM by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company’s stock valued at $83,042,000 after purchasing an additional 1,676,754 shares during the last quarter. Azora Capital LP lifted its position in shares of UWM by 230.8% during the 4th quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock worth $49,477,000 after purchasing an additional 7,881,586 shares during the last quarter. Brandes Investment Partners LP purchased a new stake in shares of UWM during the 4th quarter worth $45,867,000. Bank of America Corp DE grew its stake in shares of UWM by 127.4% during the first quarter. Bank of America Corp DE now owns 6,969,809 shares of the company’s stock worth $25,231,000 after purchasing an additional 3,905,286 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of UWM by 116.6% during the second quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company’s stock worth $24,803,000 after purchasing an additional 3,224,806 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Trading Down 0.3%

NYSE UWMC opened at $1.47 on Thursday. The firm has a 50 day simple moving average of $1.74 and a 200-day simple moving average of $2.81. The company has a debt-to-equity ratio of 6.05, a quick ratio of 1.64 and a current ratio of 1.64. UWM has a one year low of $0.93 and a one year high of $7.14. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of -18.31 and a beta of 1.76.

UWM (NYSE:UWMC) last announced its earnings results on Thursday, August 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.30). UWM had a negative return on equity of 6.20% and a negative net margin of 1.04%.The business had revenue of $162.13 million for the quarter, compared to analysts’ expectations of $727.46 million. Equities research analysts anticipate that UWM will post 0.08 EPS for the current fiscal year.

UWM Company Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.