United Homes Group (NASDAQ:UHG) Announces Earnings Results

United Homes Group (NASDAQ:UHG) announced its earnings results on Thursday. The company reported ($0.53) earnings per share for the quarter, Zacks reports. United Homes Group had a return on equity of 6.91% and a net margin of 1.16%.

United Homes Group Stock Performance

NASDAQ UHG traded down $0.11 during trading hours on Thursday, hitting $1.34. 382,509 shares of the stock were exchanged, compared to its average volume of 218,445. The company has a quick ratio of 1.64, a current ratio of 5.41 and a debt-to-equity ratio of 1.60. The company has a market cap of $78.79 million, a price-to-earnings ratio of 22.33 and a beta of 1.15. United Homes Group has a 12-month low of $1.34 and a 12-month high of $6.93. The stock has a 50-day moving average of $3.51 and a 200 day moving average of $3.27.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Homes Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, United Homes Group currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On United Homes Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new stake in shares of United Homes Group in the 1st quarter valued at approximately $34,000. XTX Topco Ltd acquired a new position in United Homes Group during the second quarter worth $72,000. Marshall Wace LLP purchased a new position in United Homes Group in the second quarter worth $56,000. NewEdge Advisors LLC acquired a new stake in United Homes Group in the second quarter valued at $29,000. Finally, Bridgeway Capital Management LLC lifted its holdings in United Homes Group by 180.0% in the second quarter. Bridgeway Capital Management LLC now owns 42,000 shares of the company’s stock valued at $122,000 after acquiring an additional 27,000 shares during the period. Institutional investors and hedge funds own 88.85% of the company’s stock.

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.