Barclays PLC Increases Position in United Homes Group, Inc. (NASDAQ:UHG)

Barclays PLC lifted its holdings in shares of United Homes Group, Inc. (NASDAQ:UHG) by 260.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,500 shares of the company’s stock after acquiring an additional 5,421 shares during the quarter. Barclays PLC’s holdings in United Homes Group were worth $46,000 at the end of the most recent quarter.

Separately, Y Intercept Hong Kong Ltd purchased a new stake in United Homes Group in the third quarter worth $97,000. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

United Homes Group Trading Down 2.7 %

Shares of UHG opened at $4.38 on Friday. The firm has a market cap of $212.03 million, a P/E ratio of -7.42 and a beta of 0.79. United Homes Group, Inc. has a fifty-two week low of $3.77 and a fifty-two week high of $8.52. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.58 and a current ratio of 6.62. The business has a 50-day moving average of $4.82 and a 200 day moving average of $5.54.

United Homes Group (NASDAQ:UHG) last released its quarterly earnings data on Friday, November 8th. The company reported $0.01 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 company had revenue of $118.64 million for the quarter.

Insider Activity at United Homes Group

In other news, Director Michael Simanovsky sold 3,246,275 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $4.75, for a total value of $15,419,806.25. Following the transaction, the director now owns 1,775,725 shares in the company, valued at approximately $8,434,693.75. This trade represents a 64.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James M. Pirrello acquired 50,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $5.00 per share, with a total value of $250,000.00. Following the completion of the purchase, the chief executive officer now owns 50,000 shares of the company’s stock, valued at approximately $250,000. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 65,000 shares of company stock valued at $318,350 over the last three months. 85.30% of the stock is owned by corporate insiders.

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.