UWM Holdings Co. (NYSE:UWMC) Stake Raised by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in UWM Holdings Co. (NYSE:UWMCFree Report) by 20.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,266 shares of the company’s stock after buying an additional 6,408 shares during the period. Quantbot Technologies LP’s holdings in UWM were worth $186,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in UWMC. Point72 Hong Kong Ltd bought a new position in UWM in the 2nd quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new stake in shares of UWM during the 3rd quarter worth approximately $32,000. Captrust Financial Advisors grew its holdings in shares of UWM by 220.9% during the 2nd quarter. Captrust Financial Advisors now owns 9,589 shares of the company’s stock worth $34,000 after purchasing an additional 6,601 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of UWM during the 2nd quarter worth approximately $35,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of UWM during the 4th quarter worth approximately $35,000. 44.44% of the stock is owned by institutional investors.

UWM Trading Up 2.6 %

Shares of UWMC opened at $7.06 on Monday. The stock has a fifty day moving average price of $6.66 and a two-hundred day moving average price of $5.89. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.90 and a current ratio of 1.90. UWM Holdings Co. has a 52-week low of $4.06 and a 52-week high of $7.43. The company has a market cap of $661.17 million, a price-to-earnings ratio of 100.86 and a beta of 1.62.

Wall Street Analyst Weigh In

UWMC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on UWM in a report on Wednesday, January 10th. They set a “hold” rating and a $6.00 price objective on the stock. Barclays assumed coverage on UWM in a report on Wednesday, November 15th. They set an “underweight” rating and a $4.00 price objective on the stock. Keefe, Bruyette & Woods lowered UWM from a “market perform” rating to an “underperform” rating and set a $6.00 price target on the stock. in a research note on Wednesday, January 10th. Finally, UBS Group reaffirmed a “sell” rating and issued a $4.00 price target on shares of UWM in a research note on Wednesday, December 6th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, UWM presently has a consensus rating of “Hold” and a consensus price target of $5.59.

Check Out Our Latest Stock Report on UWM

About UWM

(Free Report)

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates 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.

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Institutional Ownership by Quarter for UWM (NYSE:UWMC)

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