United Homes Group, Inc. (NASDAQ:UHG) Major Shareholder Acquires $666,600.00 in Stock

United Homes Group, Inc. (NASDAQ:UHGGet Free Report) major shareholder Patrick Michael Nieri acquired 133,320 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $5.00 per share, with a total value of $666,600.00. Following the transaction, the insider now owns 133,320 shares in the company, valued at $666,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Patrick Michael Nieri also recently made the following trade(s):

  • On Friday, June 7th, Patrick Michael Nieri purchased 144,829 shares of United Homes Group stock. The stock was purchased at an average cost of $5.00 per share, for a total transaction of $724,145.00.

United Homes Group Stock Performance

UHG opened at $7.21 on Friday. The business’s 50-day moving average price is $6.23 and its two-hundred day moving average price is $7.04. United Homes Group, Inc. has a 1 year low of $4.79 and a 1 year high of $13.82. The company has a market capitalization of $348.75 million, a price-to-earnings ratio of 1.27 and a beta of 0.58. The company has a debt-to-equity ratio of 3.74, a current ratio of 7.91 and a quick ratio of 1.37.

United Homes Group (NASDAQ:UHGGet Free Report) last released its quarterly earnings results on Friday, May 10th. The company reported $0.02 earnings per share (EPS) for the quarter. United Homes Group had a negative return on equity of 295.76% and a net margin of 82.93%. The firm had revenue of $100.84 million for the quarter.

Institutional Trading of United Homes Group

An institutional investor recently raised its position in United Homes Group stock. Avantax Advisory Services Inc. increased its holdings in shares of United Homes Group, Inc. (NASDAQ:UHGFree Report) by 22.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,250,000 shares of the company’s stock after purchasing an additional 225,000 shares during the period. Avantax Advisory Services Inc. owned 2.58% of United Homes Group worth $10,538,000 as of its most recent filing with the SEC. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

United Homes Group Company Profile

(Get Free Report)

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.

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