Engineers Gate Manager LP Purchases Shares of 643,332 UWM Holdings Corporation $UWMC

Engineers Gate Manager LP acquired a new position in UWM Holdings Corporation (NYSE:UWMC) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 643,332 shares of the company’s stock, valued at approximately $1,473,000.

Several other institutional investors also recently modified their holdings of UWMC. Meeder Advisory Services Inc. bought a new stake in shares of UWM during the second quarter valued at approximately $25,000. Allworth Financial LP lifted its position in UWM by 62.5% in the fourth quarter. Allworth Financial LP now owns 6,765 shares of the company’s stock worth $30,000 after purchasing an additional 2,602 shares during the period. Secure Asset Management LLC acquired a new stake in UWM during the second quarter worth $30,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in UWM during the second quarter worth $30,000. Finally, Fifth Third Bancorp bought a new stake in UWM in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UWMC. Keefe, Bruyette & Woods dropped their price objective on shares of UWM from $3.75 to $2.75 and set an “outperform” rating for the company in a research note on Monday, August 10th. Citigroup upgraded shares of UWM to an “outperform” rating in a research report on Wednesday, July 29th. Stephens dropped their price target on shares of UWM from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Friday, August 7th. Weiss Ratings cut shares of UWM from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, Citizens Jmp upgraded shares of UWM from a “market perform” rating to an “outperform” rating and set a $3.00 price target for the company in a research note on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.01.

Key Headlines Impacting UWM

Here are the key news stories impacting UWM this week:

• Positive Sentiment: No new company operating or financial developments were reported that would provide a clear positive catalyst for UWMC.
• Neutral Sentiment: Multiple law firms are soliciting investors who purchased UWM securities between March 9 and August 5, 2026, to seek lead-plaintiff status. Most notices cite an October 13, 2026 deadline, while one notice references October 12. These announcements largely repeat the same allegations rather than represent separate lawsuits or new operating results. UWM investor deadline announcement
• Negative Sentiment: The lawsuits allege UWM failed to disclose an over-hedged mortgage-servicing-rights position associated with the proposed Two Harbors transaction. The alleged hedging loss exceeded $603 million, and the company’s stock previously fell sharply after the disclosure. UWMC securities class-action report
• Negative Sentiment: Investors are also focused on the company’s reported plan to significantly dilute existing shareholders following the failed acquisition effort. Potential litigation costs, regulatory scrutiny, reputational damage, and uncertainty over the ultimate financial impact are adding to the negative sentiment surrounding UWMC.
• Negative Sentiment: The legal overhang follows UWM’s latest reported quarter, in which it missed the consensus earnings estimate and reported revenue well below expectations, reinforcing concerns about the company’s financial performance and balance-sheet risk.

UWM Stock Down 4.3%

Shares of NYSE UWMC opened at $1.23 on Thursday. UWM Holdings Corporation has a 52-week low of $0.93 and a 52-week high of $7.09. The company has a debt-to-equity ratio of 6.05, a quick ratio of 1.64 and a current ratio of 1.64. The business has a fifty day moving average of $1.63 and a two-hundred day moving average of $2.65. The stock has a market cap of $1.97 billion, a PE ratio of -15.31, a PEG ratio of 2.29 and a beta of 1.76.

UWM (NYSE:UWMC) last posted 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). The firm had revenue of $162.13 million during the quarter, compared to the consensus estimate of $727.46 million. UWM had a negative return on equity of 6.20% and a negative net margin of 1.04%. As a group, equities research analysts expect that UWM Holdings Corporation will post 0.08 earnings per share for the current fiscal year.

About UWM

UWM Holdings Corporation, operating through United Wholesale Mortgage (UWM), is a wholesale mortgage lender headquartered in Pontiac, Michigan. The company originates residential home loans through a network of independent mortgage brokers rather than lending directly to consumers. Its platform is designed to help brokers submit, process and close mortgage applications on behalf of homebuyers and homeowners.

UWM offers a range of mortgage products, including conventional, government-backed FHA, VA and USDA loans, jumbo mortgages, and other specialized financing options.