United Homes Group (NASDAQ:UHG) Releases Quarterly Earnings Results

United Homes Group (NASDAQ:UHG) released its quarterly earnings results on Thursday. The company reported ($0.53) EPS for the quarter, Zacks reports. United Homes Group had a return on equity of 6.91% and a net margin of 1.16%.The firm had revenue of $90.79 million for the quarter.

United Homes Group Stock Down 4.1%

Shares of UHG stock traded down $0.06 during trading on Friday, hitting $1.29. 173,434 shares of the company were exchanged, compared to its average volume of 218,153. The business’s 50-day simple moving average is $3.46 and its 200 day simple moving average is $3.26. United Homes Group has a twelve month low of $1.26 and a twelve month high of $6.93. The firm has a market capitalization of $75.56 million, a price-to-earnings ratio of 21.42 and a beta of 1.15. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.64 and a current ratio of 5.41.

Institutional Investors Weigh In On United Homes Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pitcairn Co. acquired a new position in United Homes Group during the second quarter valued at approximately $46,000. Bridgeway Capital Management LLC boosted its holdings in shares of United Homes Group by 180.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 42,000 shares of the company’s stock worth $122,000 after buying an additional 27,000 shares during the period. NewEdge Advisors LLC acquired a new position in United Homes Group in the 2nd quarter valued at $29,000. Marshall Wace LLP bought a new position in United Homes Group in the 2nd quarter worth $56,000. Finally, XTX Topco Ltd bought a new position in United Homes Group in the 2nd quarter worth $72,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of United Homes Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.