Geode Capital Management LLC Sells 36,805 Shares of United Homes Group, Inc. (NASDAQ:UHG)

Geode Capital Management LLC lowered its holdings in shares of United Homes Group, Inc. (NASDAQ:UHG) by 26.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,015 shares of the company’s stock after selling 36,805 shares during the quarter. Geode Capital Management LLC owned about 0.21% of United Homes Group worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of UHG. Stoneridge Investment Partners LLC bought a new position in United Homes Group during the third quarter valued at about $298,000. Y Intercept Hong Kong Ltd bought a new stake in shares of United Homes Group during the 3rd quarter worth about $97,000. Finally, Barclays PLC increased its holdings 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 valued at $46,000 after acquiring an additional 5,421 shares during the last quarter. Institutional investors and hedge funds own 88.85% of the company’s stock.

Insider Activity at United Homes Group

In other news, Director Michael Simanovsky sold 3,246,275 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $4.75, for a total value of $15,419,806.25. Following the completion of the sale, the director now directly owns 1,775,725 shares in the company, valued at approximately $8,434,693.75. This trade represents a 64.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Ray Shelton Twine III acquired 10,000 shares of the stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $4.55 per share, with a total value of $45,500.00. Following the transaction, the chief operating officer now directly owns 196,736 shares in the company, valued at approximately $895,148.80. This represents a 5.36 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 65,000 shares of company stock worth $318,350. Company insiders own 85.30% of the company’s stock.

United Homes Group Price Performance

NASDAQ UHG opened at $4.13 on Friday. United Homes Group, Inc. has a 1 year low of $3.77 and a 1 year high of $8.99. The company has a fifty day simple moving average of $5.19 and a 200 day simple moving average of $5.65. The company has a current ratio of 6.62, a quick ratio of 1.58 and a debt-to-equity ratio of 7.16. The company has a market cap of $199.93 million, a P/E ratio of -7.00 and a beta of 0.79.

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.