Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in UWM Holdings Corporation (NYSE:UWMC – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 316,981 shares of the company’s stock, valued at approximately $1,147,000.
A number of other institutional investors also recently modified their holdings of UWMC. Tudor Investment Corp ET AL acquired a new stake in shares of UWM in the third quarter valued at approximately $12,237,000. Vanguard Group Inc. lifted its holdings in UWM by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company’s stock worth $83,042,000 after buying an additional 1,676,754 shares in the last quarter. Great Hill Capital LLC boosted its position in UWM by 9,900.0% in the 4th quarter. Great Hill Capital LLC now owns 2,000,000 shares of the company’s stock valued at $88,000 after buying an additional 1,980,000 shares during the last quarter. UBS Group AG boosted its position in UWM by 93.8% in the 4th quarter. UBS Group AG now owns 3,347,300 shares of the company’s stock valued at $14,661,000 after buying an additional 1,620,003 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in shares of UWM in the 4th quarter valued at $5,695,000. 53.59% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
UWMC has been the topic of several research reports. Morgan Stanley cut their price target on UWM from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Monday, July 20th. Citigroup raised UWM to an “outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods raised shares of UWM from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $4.50 to $3.75 in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $5.50 price target on shares of UWM in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded shares of UWM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 15th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.65.
Insiders Place Their Bets
In related news, CEO Ishbia Mat sold 1,003,333 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $3.39, for a total transaction of $3,401,298.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,009,999 shares of company stock worth $10,655,396. 80.30% of the stock is owned by company insiders.
UWM Trading Down 2.4%
NYSE UWMC opened at $1.81 on Friday. UWM Holdings Corporation has a 12 month low of $1.72 and a 12 month high of $7.14. The stock has a 50-day simple moving average of $2.27 and a 200 day simple moving average of $3.52. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 3.13. The company has a market capitalization of $2.91 billion, a PE ratio of 6.72 and a beta of 1.76.
UWM (NYSE:UWMC – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $901.43 million for the quarter, compared to analysts’ expectations of $709.85 million. UWM had a return on equity of 19.01% and a net margin of 1.92%. Research analysts forecast that UWM Holdings Corporation will post 0.34 EPS for the current year.
UWM Profile
United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.
The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.
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