Counterpoint Mutual Funds LLC Raises Stock Holdings in UWM Holdings Co. (NYSE:UWMC)

Counterpoint Mutual Funds LLC increased its position in UWM Holdings Co. (NYSE:UWMC) by 147.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,810 shares of the company’s stock after purchasing an additional 43,331 shares during the period. Counterpoint Mutual Funds LLC’s holdings in UWM were worth $427,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its stake in UWM by 23.0% in the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock worth $82,000 after purchasing an additional 2,631 shares during the period. Victory Capital Management Inc. grew its stake in UWM by 20.7% in the fourth quarter. Victory Capital Management Inc. now owns 20,330 shares of the company’s stock worth $119,000 after purchasing an additional 3,488 shares during the period. Charles Schwab Investment Management Inc. grew its stake in UWM by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 580,547 shares of the company’s stock worth $3,408,000 after purchasing an additional 6,257 shares during the period. Patriot Financial Group Insurance Agency LLC grew its stake in UWM by 31.2% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 30,148 shares of the company’s stock worth $177,000 after purchasing an additional 7,164 shares during the period. Finally, Integrated Investment Consultants LLC grew its stake in UWM by 7.9% in the third quarter. Integrated Investment Consultants LLC now owns 100,688 shares of the company’s stock worth $858,000 after purchasing an additional 7,334 shares during the period. 53.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UWMC. Morgan Stanley reduced their price target on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research note on Thursday, December 19th. Wedbush reissued a “neutral” rating and issued a $6.50 target price on shares of UWM in a research note on Monday, March 3rd. Finally, Keefe, Bruyette & Woods raised 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.25.

UWM Trading Up 4.3 %

Shares of NYSE:UWMC opened at $6.20 on Tuesday. The company has a market cap of $9.91 billion, a P/E ratio of -26.97 and a beta of 1.64. 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 Holdings Co. has a 1 year low of $5.31 and a 1 year high of $9.74. The stock’s fifty day moving average price is $6.16 and its 200-day moving average price is $6.72.

UWM (NYSE:UWMC) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $560.21 million during the quarter, compared to analysts’ expectations of $645.75 million. Sell-side analysts expect that UWM Holdings Co. will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date of this dividend is Thursday, March 20th. UWM’s payout ratio is currently 500.00%.

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.