United Homes Group (NASDAQ:UHG) Shares Down 4.5% – What’s Next?

United Homes Group, Inc. (NASDAQ:UHG) was down 4.5% on Monday . The stock traded as low as $2.23 and last traded at $2.35. Approximately 73,095 shares were traded during trading, an increase of 57% from the average daily volume of 46,634 shares. The stock had previously closed at $2.46.

United Homes Group Price Performance

The business has a 50-day moving average of $3.40 and a two-hundred day moving average of $4.56. The firm has a market cap of $137.71 million, a P/E ratio of -3.98 and a beta of 0.93. The company has a current ratio of 6.62, a quick ratio of 1.58 and a debt-to-equity ratio of 7.16.

United Homes Group (NASDAQ:UHG) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $134.81 million during the quarter. United Homes Group had a negative net margin of 4.58% and a positive return on equity of 1,250.34%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Northern Trust Corp grew its position in shares of United Homes Group by 7.3% in the 4th quarter. Northern Trust Corp now owns 54,357 shares of the company’s stock valued at $230,000 after buying an additional 3,720 shares during the last quarter. Barclays PLC lifted its stake in shares of United Homes Group by 260.8% in the third quarter. Barclays PLC now owns 7,500 shares of the company’s stock worth $46,000 after acquiring an additional 5,421 shares during the period. JPMorgan Chase & Co. boosted its holdings in United Homes Group by 189.0% in the third 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. Wolverine Asset Management LLC increased its position 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 purchasing an additional 6,285 shares during the period. Finally, Stoneridge Investment Partners LLC raised its holdings in United Homes Group by 16.8% during the 4th quarter. Stoneridge Investment Partners LLC now owns 56,776 shares of the company’s stock worth $240,000 after purchasing an additional 8,187 shares during the last quarter. 88.85% of the stock is owned by institutional investors.

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.