United Homes Group (NASDAQ:UHG) Trading Up 4.3% – What’s Next?

United Homes Group, Inc. (NASDAQ:UHGGet Free Report)’s share price was up 4.3% on Tuesday . The company traded as high as $6.36 and last traded at $6.11. Approximately 22,259 shares changed hands during trading, a decline of 13% from the average daily volume of 25,652 shares. The stock had previously closed at $5.86.

United Homes Group Stock Performance

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 stock has a fifty day simple moving average of $5.92 and a two-hundred day simple moving average of $5.92. The stock has a market capitalization of $296.27 million, a price-to-earnings ratio of -10.37 and a beta of 0.61.

Institutional Trading of United Homes Group

A number of large investors have recently bought and sold shares of UHG. Barclays PLC boosted its position in shares of United Homes Group by 260.8% during the 3rd quarter. Barclays PLC now owns 7,500 shares of the company’s stock worth $46,000 after purchasing an additional 5,421 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of United Homes Group during the 3rd quarter worth about $97,000. Stoneridge Investment Partners LLC bought a new position in shares of United Homes Group during the 3rd quarter worth about $298,000. Finally, Boston Partners boosted its position in shares of United Homes Group by 9.8% during the 1st quarter. Boston Partners now owns 297,069 shares of the company’s stock worth $2,077,000 after purchasing an additional 26,441 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors and hedge funds.

About United Homes Group

(Get Free Report)

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.

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