SG Americas Securities LLC Grows Stake in UWM Holdings Co. (NYSE:UWMC)

SG Americas Securities LLC raised its stake in shares of UWM Holdings Co. (NYSE:UWMC) by 121.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,725 shares of the company’s stock after buying an additional 23,424 shares during the quarter. SG Americas Securities LLC’s holdings in UWM were worth $251,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UWMC. Wedmont Private Capital grew its stake in shares of UWM by 10.8% during the 3rd quarter. Wedmont Private Capital now owns 20,113 shares of the company’s stock valued at $171,000 after buying an additional 1,963 shares during the period. HB Wealth Management LLC increased its position in shares of UWM by 23.0% during the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock worth $82,000 after acquiring an additional 2,631 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of UWM by 7.9% during the 3rd quarter. Integrated Investment Consultants LLC now owns 100,688 shares of the company’s stock valued at $858,000 after buying an additional 7,334 shares during the last quarter. CWM LLC increased its position in shares of UWM by 120.1% in the 3rd quarter. CWM LLC now owns 14,243 shares of the company’s stock worth $121,000 after purchasing an additional 7,772 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of UWM by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,290 shares of the company’s stock valued at $4,893,000 after acquiring an additional 7,846 shares in the last quarter. 53.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

UWM Stock Performance

Shares of UWMC stock opened at $6.29 on Friday. The stock’s 50-day moving average is $6.01 and its two-hundred day moving average is $7.19. UWM Holdings Co. has a fifty-two week low of $5.31 and a fifty-two week high of $9.74. The firm has a market cap of $10.05 billion, a P/E ratio of -27.33 and a beta of 1.66. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The firm had revenue of $526.43 million during the quarter, compared to analyst estimates of $517.02 million. During the same quarter last year, the company posted $0.29 earnings per share. Analysts predict that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

UWM Profile

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.