Stonebridge Wealth Management LLC Takes Position in United Homes Group, Inc. $UHG

Stonebridge Wealth Management LLC acquired a new position in shares of United Homes Group, Inc. (NASDAQ:UHG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 450,500 shares of the company’s stock, valued at approximately $1,306,000. United Homes Group makes up about 1.3% of Stonebridge Wealth Management LLC’s portfolio, making the stock its 21st largest holding. Stonebridge Wealth Management LLC owned approximately 0.77% of United Homes Group at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pitcairn Co. acquired a new position in United Homes Group in the 2nd quarter worth $46,000. Bridgeway Capital Management LLC lifted 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 valued at $122,000 after purchasing an additional 27,000 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of United Homes Group during the second quarter worth about $29,000. Marshall Wace LLP bought a new position in shares of United Homes Group during the second quarter worth about $56,000. Finally, XTX Topco Ltd acquired a new stake in United Homes Group in the 2nd quarter valued at approximately $72,000. 88.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UHG has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of United Homes Group in a research note on Tuesday, December 2nd. Wall Street Zen cut shares of United Homes Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, United Homes Group presently has a consensus rating of “Sell”.

United Homes Group Stock Down 5.1%

NASDAQ:UHG opened at $1.30 on Friday. The firm has a market capitalization of $76.45 million, a price-to-earnings ratio of -4.06 and a beta of 1.17. United Homes Group, Inc. has a twelve month low of $0.99 and a twelve month high of $4.81. The stock’s 50 day moving average price is $1.91 and its two-hundred day moving average price is $3.12. The company has a quick ratio of 1.23, a current ratio of 5.73 and a debt-to-equity ratio of 2.78.

United Homes Group (NASDAQ:UHG) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.53) EPS for the quarter. United Homes Group had a negative net margin of 4.49% and a negative return on equity of 37.81%. The company had revenue of $90.79 million during the quarter.

United Homes Group 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.