UWM Holdings Co. (NYSE:UWMC) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC boosted its stake in UWM Holdings Co. (NYSE:UWMC) by 749.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,284 shares of the company’s stock after acquiring an additional 23,188 shares during the period. AlphaQuest LLC’s holdings in UWM were worth $154,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UWMC. Victory Capital Management Inc. increased its position in UWM by 20.7% during the 4th quarter. Victory Capital Management Inc. now owns 20,330 shares of the company’s stock worth $119,000 after purchasing an additional 3,488 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of UWM by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 580,547 shares of the company’s stock worth $3,408,000 after acquiring an additional 6,257 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of UWM during the 4th quarter worth approximately $578,000. Bank of New York Mellon Corp boosted its stake in shares of UWM by 15.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,087,978 shares of the company’s stock worth $6,386,000 after acquiring an additional 147,459 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of UWM by 273.3% during the 4th quarter. Ieq Capital LLC now owns 38,679 shares of the company’s stock worth $227,000 after acquiring an additional 28,319 shares in the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UWMC shares. Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $6.50 to $7.50 in a research note on Monday, March 3rd. Wedbush reissued a “neutral” rating and set a $6.50 price target on shares of UWM in a research note on Monday, March 3rd. Finally, Morgan Stanley decreased their price target on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.25.

UWM Stock Up 4.3 %

Shares of NYSE:UWMC opened at $6.20 on Tuesday. UWM Holdings Co. has a 1-year low of $5.31 and a 1-year high of $9.74. The company’s fifty day moving average is $6.16 and its two-hundred day moving average is $6.72. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of -26.97 and a beta of 1.64.

UWM (NYSE:UWMC) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The company had revenue of $560.21 million during the quarter, compared to analyst estimates of $645.75 million. Equities analysts anticipate that UWM Holdings Co. will post 0.2 EPS for the current year.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be given a $0.10 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a yield of 6.45%. UWM’s dividend payout ratio is presently 500.00%.

UWM Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.