Millennium Management LLC Increases Holdings in United Homes Group, Inc. (NASDAQ:UHG)

Millennium Management LLC boosted its stake in United Homes Group, Inc. (NASDAQ:UHG) by 42.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,994 shares of the company’s stock after purchasing an additional 11,289 shares during the period. Millennium Management LLC’s holdings in United Homes Group were worth $161,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Conversant Capital LLC raised its stake in shares of United Homes Group by 228.1% during the fourth quarter. Conversant Capital LLC now owns 1,755,726 shares of the company’s stock valued at $7,427,000 after purchasing an additional 1,220,553 shares during the period. Anson Funds Management LP acquired a new stake in United Homes Group during the 4th quarter valued at $6,345,000. Northern Trust Corp grew its holdings in United Homes Group by 7.3% during the 4th quarter. Northern Trust Corp now owns 54,357 shares of the company’s stock valued at $230,000 after purchasing an additional 3,720 shares in the last quarter. Ghisallo Capital Management LLC purchased a new stake in United Homes Group during the 4th quarter worth $385,000. Finally, Dendur Capital LP increased its stake in United Homes Group by 759.5% during the 4th quarter. Dendur Capital LP now owns 1,199,889 shares of the company’s stock worth $5,076,000 after buying an additional 1,060,279 shares during the period. 88.85% of the stock is owned by hedge funds and other institutional investors.

United Homes Group Stock Performance

NASDAQ:UHG opened at $3.42 on Friday. The firm has a 50-day moving average of $2.40 and a two-hundred day moving average of $3.52. The company has a debt-to-equity ratio of 7.16, a current ratio of 6.62 and a quick ratio of 1.58. The stock has a market cap of $200.42 million, a P/E ratio of -5.80 and a beta of 1.22. United Homes Group, Inc. has a 1-year low of $1.60 and a 1-year high of $7.80.

United Homes Group (NASDAQ:UHG) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.03 EPS for the quarter. The business had revenue of $87.00 million for the quarter. United Homes Group had a positive return on equity of 1,250.34% and a negative net margin of 4.58%.

Insider Buying and Selling at United Homes Group

In related news, major shareholder Patrick Michael Nieri acquired 31,151 shares of United Homes Group stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of $2.01 per share, for a total transaction of $62,613.51. Following the purchase, the insider now directly owns 164,471 shares of the company’s stock, valued at $330,586.71. The trade was a 23.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Pennington W. Nieri acquired 31,160 shares of the firm’s stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $2.01 per share, with a total value of $62,631.60. Following the completion of the acquisition, the vice president now owns 164,520 shares in the company, valued at $330,685.20. This represents a 23.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 228,981 shares of company stock worth $453,585 in the last 90 days. 85.30% of the stock is owned by corporate insiders.

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.