SG Americas Securities LLC Has $251,000 Position in UWM Holdings Co. (NYSE:UWMC)

SG Americas Securities LLC boosted its holdings in shares of UWM Holdings Co. (NYSE:UWMC) by 121.4% in the fourth quarter, Holdings Channel reports. The firm owned 42,725 shares of the company’s stock after purchasing an additional 23,424 shares during the quarter. SG Americas Securities LLC’s holdings in UWM were worth $251,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of UWMC. Inspire Investing LLC increased its stake in shares of UWM by 366.1% in the third quarter. Inspire Investing LLC now owns 179,298 shares of the company’s stock valued at $1,528,000 after buying an additional 140,830 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in UWM by 56.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 415,656 shares of the company’s stock valued at $3,541,000 after purchasing an additional 149,216 shares during the period. Carrera Capital Advisors bought a new stake in UWM in the third quarter valued at approximately $1,727,000. Point72 Asset Management L.P. acquired a new stake in UWM in the third quarter worth $1,065,000. Finally, Geode Capital Management LLC grew its stake in UWM by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company’s stock valued at $13,183,000 after acquiring an additional 41,206 shares during the period. 53.59% of the stock is currently owned by institutional investors.

UWM Stock Performance

Shares of NYSE:UWMC opened at $6.29 on Friday. The company’s 50 day simple moving average is $6.01 and its 200 day simple moving average is $7.19. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of -27.33 and a beta of 1.66. UWM Holdings Co. has a 1 year low of $5.31 and a 1 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 released its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The company had revenue of $526.43 million for the quarter, compared to analyst estimates of $517.02 million. During the same period last year, the company posted $0.29 EPS. As a group, research analysts predict that UWM Holdings Co. will post 0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UWMC. Morgan Stanley reduced their target price on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a research note on Thursday, December 19th. Keefe, Bruyette & Woods cut their price target on UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a report on Friday, January 3rd. Finally, The Goldman Sachs Group decreased their price objective on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.39.

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.