United Homes Group, Inc. (NASDAQ:UHG) VP Pennington W. Nieri Buys 33,340 Shares of Stock

United Homes Group, Inc. (NASDAQ:UHG) VP Pennington W. Nieri purchased 33,340 shares of United Homes Group stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $2.00 per share, for a total transaction of $66,680.00. Following the completion of the transaction, the vice president now owns 197,860 shares of the company’s stock, valued at approximately $395,720. This represents a 20.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

United Homes Group Stock Down 4.8%

United Homes Group stock opened at $2.00 on Wednesday. The business has a fifty day moving average price of $2.29 and a 200-day moving average price of $3.74. United Homes Group, Inc. has a 1-year low of $1.60 and a 1-year high of $7.80. The stock has a market capitalization of $117.20 million, a price-to-earnings ratio of -3.39 and a beta of 0.97. The company has a debt-to-equity ratio of 7.16, a current ratio of 6.62 and a quick ratio of 1.58.

United Homes Group (NASDAQ:UHG) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter. United Homes Group had a positive return on equity of 1,250.34% and a negative net margin of 4.58%. The business had revenue of $87.00 million during the quarter.

Institutional Trading of United Homes Group

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new stake in United Homes Group in the first quarter valued at approximately $34,000. Wolverine Asset Management LLC lifted its stake in United Homes Group by 157.9% during the 4th quarter. Wolverine Asset Management LLC now owns 10,265 shares of the company’s stock valued at $43,000 after acquiring an additional 6,285 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of United Homes Group by 189.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company’s stock valued at $55,000 after acquiring an additional 5,884 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of United Homes Group by 34.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,396 shares of the company’s stock worth $66,000 after acquiring an additional 6,000 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of United Homes Group by 432.0% during the fourth quarter. Rhumbline Advisers now owns 26,596 shares of the company’s stock worth $112,000 after purchasing an additional 21,597 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.

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.