Stoneridge Investment Partners LLC Has $240,000 Stock Position in United Homes Group, Inc. (NASDAQ:UHG)

Stoneridge Investment Partners LLC grew its holdings in shares of United Homes Group, Inc. (NASDAQ:UHG) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,776 shares of the company’s stock after acquiring an additional 8,187 shares during the quarter. Stoneridge Investment Partners LLC owned 0.12% of United Homes Group worth $240,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UHG. JPMorgan Chase & Co. lifted its holdings in shares of United Homes Group by 189.0% during the third quarter. JPMorgan Chase & Co. now owns 8,998 shares of the company’s stock worth $55,000 after purchasing an additional 5,884 shares during the period. Barclays PLC boosted its stake in shares of United Homes Group by 260.8% in the 3rd quarter. Barclays PLC now owns 7,500 shares of the company’s stock valued at $46,000 after purchasing an additional 5,421 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in United Homes Group during the third quarter worth $97,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO James M. Pirrello acquired 50,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $5.00 per share, with a total value of $250,000.00. Following the completion of the purchase, the chief executive officer now directly owns 50,000 shares in the company, valued at $250,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Simanovsky sold 3,246,275 shares of United Homes Group stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $4.75, for a total value of $15,419,806.25. Following the transaction, the director now directly owns 1,775,725 shares in the company, valued at approximately $8,434,693.75. The trade was a 64.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 65,000 shares of company stock worth $318,350. Corporate insiders own 85.30% of the company’s stock.

United Homes Group Stock Down 2.1 %

Shares of NASDAQ:UHG opened at $4.10 on Friday. The business’s 50-day moving average is $4.43 and its 200-day moving average is $5.39. United Homes Group, Inc. has a 1 year low of $3.77 and a 1 year high of $7.83. The company has a market capitalization of $198.48 million, a price-to-earnings ratio of -6.95 and a beta of 0.79. The company has a debt-to-equity ratio of 7.16, a current ratio of 6.62 and a quick ratio of 1.58.

United Homes Group (NASDAQ:UHG) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.01 EPS for the quarter. The company had revenue of $118.64 million during the quarter. United Homes Group had a negative net margin of 4.58% and a positive return on equity of 1,250.34%.

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.