JPMorgan Chase & Co. Raises Stock Holdings in United Homes Group, Inc. (NASDAQ:UHG)

JPMorgan Chase & Co. grew its position in shares of United Homes Group, Inc. (NASDAQ:UHG) by 189.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,998 shares of the company’s stock after buying an additional 5,884 shares during the period. JPMorgan Chase & Co.’s holdings in United Homes Group were worth $55,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its position in United Homes Group by 260.8% in the 3rd quarter. Barclays PLC now owns 7,500 shares of the company’s stock valued at $46,000 after acquiring an additional 5,421 shares during the period. Y Intercept Hong Kong Ltd bought a new position in United Homes Group during the 3rd quarter valued at $97,000. Finally, Stoneridge Investment Partners LLC bought a new position in United Homes Group during the 3rd quarter valued at $298,000. Institutional investors own 88.85% of the company’s stock.

Insider Buying and Selling at United Homes Group

In other news, CEO James M. Pirrello bought 50,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $5.00 per share, for a total transaction of $250,000.00. Following the completion of the purchase, the chief executive officer now owns 50,000 shares of the company’s stock, valued at approximately $250,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Ray Shelton Twine III bought 10,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $4.55 per share, with a total value of $45,500.00. Following the purchase, the chief operating officer now directly owns 196,736 shares of the company’s stock, valued at $895,148.80. The trade was a 5.36 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 65,000 shares of company stock worth $318,350 over the last three months. Corporate insiders own 85.30% of the company’s stock.

United Homes Group Stock Performance

Shares of NASDAQ UHG opened at $4.10 on Tuesday. The firm has a market cap of $198.48 million, a P/E ratio of -6.95 and a beta of 0.79. 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 moving average price of $4.59 and a two-hundred day moving average price of $5.45. United Homes Group, Inc. has a 1 year low of $3.77 and a 1 year high of $7.83.

United Homes Group (NASDAQ:UHG) last issued its earnings results on Friday, November 8th. The company reported $0.01 EPS for the quarter. United Homes Group had a positive return on equity of 1,250.34% and a negative net margin of 4.58%. The business had revenue of $118.64 million during the quarter.

United Homes Group 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.