JPMorgan Chase & Co. Increases Stake in United Homes Group, Inc. (NASDAQ:UHG)

JPMorgan Chase & Co. boosted its stake in United Homes Group, Inc. (NASDAQ:UHG) by 116.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,521 shares of the company’s stock after buying an additional 10,523 shares during the period. JPMorgan Chase & Co.’s holdings in United Homes Group were worth $83,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Barclays PLC lifted its stake in shares of United Homes Group by 260.8% in the 3rd quarter. Barclays PLC now owns 7,500 shares of the company’s stock valued at $46,000 after purchasing an additional 5,421 shares during the period. Wolverine Asset Management LLC lifted its position in United Homes Group by 157.9% during the fourth quarter. Wolverine Asset Management LLC now owns 10,265 shares of the company’s stock valued at $43,000 after buying an additional 6,285 shares during the period. Rhumbline Advisers boosted its holdings in shares of United Homes Group by 432.0% during the 4th quarter. Rhumbline Advisers now owns 26,596 shares of the company’s stock valued at $112,000 after buying an additional 21,597 shares in the last quarter. Stoneridge Investment Partners LLC grew its position in shares of United Homes Group by 16.8% in the 4th quarter. Stoneridge Investment Partners LLC now owns 56,776 shares of the company’s stock worth $240,000 after buying an additional 8,187 shares during the period. Finally, Boston Partners increased its stake in shares of United Homes Group by 127.6% in the 4th quarter. Boston Partners now owns 600,217 shares of the company’s stock worth $2,539,000 after acquiring an additional 336,460 shares in the last quarter. 88.85% of the stock is owned by institutional investors.

United Homes Group Price Performance

Shares of UHG opened at $1.80 on Wednesday. United Homes Group, Inc. has a fifty-two week low of $1.79 and a fifty-two week high of $7.80. The firm’s 50-day simple moving average is $2.78 and its two-hundred day simple moving average is $4.14. The stock has a market cap of $105.48 million, a PE ratio of -3.05 and a beta of 0.97. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.58 and a current ratio of 6.62.

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

United Homes Group 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.