Geode Capital Management LLC Has $614,000 Stake in United Homes Group, Inc. (NASDAQ:UHG)

Geode Capital Management LLC reduced its stake in shares of United Homes Group, Inc. (NASDAQ:UHG) by 26.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,015 shares of the company’s stock after selling 36,805 shares during the quarter. Geode Capital Management LLC’s holdings in United Homes Group were worth $614,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UHG. Barclays PLC boosted its stake in United Homes Group by 260.8% during the 3rd quarter. Barclays PLC now owns 7,500 shares of the company’s stock worth $46,000 after acquiring an additional 5,421 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in United Homes Group in the third quarter worth $97,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in United Homes Group in the third quarter worth $298,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.

United Homes Group Price Performance

Shares of UHG stock opened at $4.13 on Friday. The company has a quick ratio of 1.58, a current ratio of 6.62 and a debt-to-equity ratio of 7.16. United Homes Group, Inc. has a 12-month low of $3.77 and a 12-month high of $8.99. The firm has a fifty day moving average of $5.19 and a 200-day moving average of $5.65. The firm has a market capitalization of $199.93 million, a price-to-earnings ratio of -7.00 and a beta of 0.79.

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 bought at an average price of $5.00 per share, with a total value of $250,000.00. Following the completion of the transaction, the chief executive officer now directly owns 50,000 shares of the company’s stock, valued at approximately $250,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Ray Shelton Twine III acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $4.55 per share, for a total transaction of $45,500.00. Following the completion of the transaction, the chief operating officer now directly owns 196,736 shares in the company, valued at $895,148.80. This represents a 5.36 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 65,000 shares of company stock worth $318,350. Corporate insiders own 85.30% of the company’s stock.

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.