UWM (NYSE:UWMC) Stock Rating Upgraded by UBS Group

UWM (NYSE:UWMC) was upgraded by stock analysts at UBS Group from a “sell” rating to a “neutral” rating in a report released on Wednesday, Marketbeat reports. The firm currently has a $4.50 target price on the stock, down from their prior target price of $4.75. UBS Group’s target price would indicate a potential downside of 0.55% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Morgan Stanley reduced their price objective on UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a research report on Thursday, December 19th. Wedbush restated a “neutral” rating and issued a $6.50 price target on shares of UWM in a research note on Monday, March 3rd. Finally, Keefe, Bruyette & Woods upgraded UWM from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $6.50 to $7.50 in a research note on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7.21.

UWM Stock Down 0.5 %

Shares of NYSE:UWMC opened at $4.53 on Wednesday. The company has a 50 day moving average of $5.75 and a 200-day moving average of $6.14. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of -19.67 and a beta of 1.64. UWM has a one year low of $4.15 and a one year high of $9.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40.

UWM (NYSE:UWMC) last issued its earnings results on Wednesday, February 26th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $560.21 million for the quarter, compared to analysts’ expectations of $645.75 million. On average, sell-side analysts forecast that UWM will post 0.2 earnings per share for the current year.

Institutional Trading of UWM

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in UWM by 112.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 118,720 shares of the company’s stock valued at $648,000 after buying an additional 62,862 shares during the last quarter. GAMMA Investing LLC boosted its holdings in UWM by 101.8% in the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock worth $32,000 after acquiring an additional 2,958 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in UWM during the 1st quarter valued at $258,000. Merit Financial Group LLC bought a new position in UWM in the 1st quarter valued at about $163,000. Finally, 180 Wealth Advisors LLC grew its holdings in UWM by 9.3% during the first quarter. 180 Wealth Advisors LLC now owns 67,508 shares of the company’s stock worth $369,000 after buying an additional 5,724 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.

UWM Company 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.