United Homes Group (NASDAQ:UHG) Trading Up 7.5% – What’s Next?

United Homes Group, Inc. (NASDAQ:UHG) shot up 7.5% during trading on Friday . The company traded as high as $2.71 and last traded at $2.58. 355,742 shares traded hands during trading, an increase of 14% from the average session volume of 311,507 shares. The stock had previously closed at $2.40.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UHG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of United Homes Group in a report on Monday, December 29th. Wall Street Zen lowered shares of United Homes Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

United Homes Group Stock Performance

The business has a 50 day moving average of $1.72 and a 200-day moving average of $2.62. The company has a market capitalization of $151.74 million, a P/E ratio of -8.06 and a beta of 1.13. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.23 and a current ratio of 5.73.

Hedge Funds Weigh In On United Homes Group

A number of large investors have recently modified their holdings of the company. Stonebridge Wealth Management LLC bought a new stake in United Homes Group during the 2nd quarter worth approximately $1,306,000. VELA Investment Management LLC purchased a new position in shares of United Homes Group during the 3rd quarter valued at $413,000. Evernest Financial Advisors LLC bought a new position in shares of United Homes Group in the third quarter worth $260,000. Bailard Inc. bought a new position in shares of United Homes Group in the second quarter worth $116,000. Finally, Jane Street Group LLC purchased a new stake in shares of United Homes Group in the fourth quarter worth $56,000. 88.85% of the stock is currently 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. The company was founded in 2004 and is headquartered in Chapin, South Carolina.