United Homes Group, Inc. $UHG Shares Sold by Boston Partners

Boston Partners lessened its stake in United Homes Group, Inc. (NASDAQ:UHG) by 64.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 205,794 shares of the company’s stock after selling 381,276 shares during the quarter. Boston Partners’ holdings in United Homes Group were worth $597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ground Swell Capital LLC acquired a new stake in shares of United Homes Group in the 2nd quarter worth approximately $32,000. AQR Capital Management LLC acquired a new position in shares of United Homes Group during the first quarter valued at approximately $34,000. Y Intercept Hong Kong Ltd bought a new stake in United Homes Group during the second quarter worth approximately $35,000. Charles Schwab Investment Management Inc. lifted its position in 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 purchasing an additional 6,000 shares during the period. Finally, Anson Funds Management LP lifted its position in United Homes Group by 69.6% in the first quarter. Anson Funds Management LP now owns 2,543,922 shares of the company’s stock worth $7,123,000 after purchasing an additional 1,043,922 shares during the period. 88.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UHG shares. Wall Street Zen cut United Homes Group from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Homes Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, United Homes Group has a consensus rating of “Sell”.

United Homes Group Trading Down 3.1%

United Homes Group stock opened at $1.26 on Friday. The firm has a market cap of $74.09 million, a price-to-earnings ratio of -3.94 and a beta of 1.15. United Homes Group, Inc. has a 1 year low of $1.25 and a 1 year high of $6.69. The firm’s 50 day moving average price is $3.12 and its two-hundred day moving average price is $3.23. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.64 and a current ratio of 5.73.

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

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.