United Homes Group (NASDAQ:UHG) Releases Quarterly Earnings Results

United Homes Group (NASDAQ:UHG) posted its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports. United Homes Group had a negative return on equity of 37.81% and a negative net margin of 4.49%.The company had revenue of $123.39 million during the quarter.

United Homes Group Stock Performance

Shares of UHG opened at $1.17 on Friday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.23 and a current ratio of 5.73. The business’s fifty day moving average is $1.74 and its 200-day moving average is $2.28. United Homes Group has a 52-week low of $0.99 and a 52-week high of $4.78. The firm has a market cap of $68.81 million, a price-to-earnings ratio of -3.66 and a beta of 1.20.

Institutional Investors Weigh In On United Homes Group

Several hedge funds have recently made changes to their positions in UHG. Jane Street Group LLC bought a new stake in shares of United Homes Group in the fourth quarter valued at approximately $56,000. Qube Research & Technologies Ltd purchased a new stake in United Homes Group in the third quarter valued at $57,000. Millennium Management LLC lifted its stake in shares of United Homes Group by 20.6% in the 3rd quarter. Millennium Management LLC now owns 53,011 shares of the company’s stock valued at $219,000 after purchasing an additional 9,067 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of United Homes Group during the 3rd quarter worth about $47,000. Finally, Evernest Financial Advisors LLC acquired a new position in United Homes Group during the third quarter worth approximately $260,000. Institutional investors and hedge funds own 88.85% of the company’s stock.

Analyst Ratings Changes

UHG has been the subject of a number of recent research reports. Wall Street Zen downgraded United Homes Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of United Homes Group in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, United Homes Group has a consensus rating of “Sell”.

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. The company was founded in 2004 and is headquartered in Chapin, South Carolina.