Bleakley Financial Group LLC Boosts Stake in UWM Holdings Co. (NYSE:UWMC)

Bleakley Financial Group LLC lifted its stake in UWM Holdings Co. (NYSE:UWMC) by 37.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,723 shares of the company’s stock after purchasing an additional 10,734 shares during the quarter. Bleakley Financial Group LLC’s holdings in UWM were worth $233,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HB Wealth Management LLC raised its position in shares of UWM by 23.0% during the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock valued at $82,000 after buying an additional 2,631 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in UWM by 31.2% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 30,148 shares of the company’s stock valued at $177,000 after acquiring an additional 7,164 shares during the period. Integrated Investment Consultants LLC increased its stake in UWM by 7.9% during the 3rd quarter. Integrated Investment Consultants LLC now owns 100,688 shares of the company’s stock worth $858,000 after buying an additional 7,334 shares during the period. CWM LLC raised its stake in shares of UWM by 120.1% in the third quarter. CWM LLC now owns 14,243 shares of the company’s stock valued at $121,000 after acquiring an additional 7,772 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in UWM by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,290 shares of the company’s stock valued at $4,893,000 after purchasing an additional 7,846 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Stock Down 1.9 %

Shares of NYSE:UWMC opened at $6.15 on Thursday. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of -26.74 and a beta of 1.66. The company has a 50 day moving average of $5.99 and a two-hundred day moving average of $7.15. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. UWM Holdings Co. has a 52-week low of $5.31 and a 52-week high of $9.74.

Analysts Set New Price Targets

UWMC has been the topic of several research analyst reports. The Goldman Sachs Group cut their target price on UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Morgan Stanley reduced their target price on UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods decreased their price objective on UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.39.

About UWM

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