Michael Simanovsky Sells 3,246,275 Shares of United Homes Group, Inc. (NASDAQ:UHG) Stock

Posted by Paula Ricardo on Dec 15th, 2024

United Homes Group, Inc. (NASDAQ:UHG – Get Free Report) Director Michael Simanovsky sold 3,246,275 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $4.75, for a total transaction of $15,419,806.25. Following the transaction, the director now directly owns 1,775,725 shares in the company, valued at $8,434,693.75. The trade was a 64.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

United Homes Group Stock Performance

NASDAQ UHG opened at $4.46 on Friday. The firm has a market cap of $215.91 million, a P/E ratio of -7.56 and a beta of 0.68. United Homes Group, Inc. has a 52-week low of $4.05 and a 52-week high of $9.48. The business’s 50-day moving average price is $5.77 and its 200 day moving average price is $5.89. The company has a quick ratio of 1.58, a current ratio of 6.62 and a debt-to-equity ratio of 7.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC increased its stake in shares of United Homes Group by 260.8% during the third 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 period. Y Intercept Hong Kong Ltd acquired a new position in United Homes Group during the 3rd quarter worth approximately $97,000. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of United Homes Group during the 3rd quarter worth approximately $298,000. 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.