Salzhauer Michael bought a new stake in shares of UWM Holdings Co. (NYSE:UWMC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 150,000 shares of the company's stock, valued at approximately $880,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of UWM during the third quarter worth about $21,797,000. FMR LLC lifted its holdings in UWM by 24.5% in the third quarter. FMR LLC now owns 10,218,728 shares of the company's stock worth $87,064,000 after purchasing an additional 2,010,985 shares during the period. Tidal Investments LLC acquired a new stake in UWM in the third quarter worth about $3,833,000. Carrera Capital Advisors acquired a new stake in UWM in the third quarter worth about $1,727,000. Finally, Quantbot Technologies LP lifted its holdings in UWM by 123.0% in the third quarter. Quantbot Technologies LP now owns 273,728 shares of the company's stock worth $2,332,000 after purchasing an additional 150,981 shares during the period. Institutional investors own 53.59% of the company's stock.
UWM Stock Performance
Shares of UWM stock traded up $0.20 during midday trading on Thursday, hitting $6.34. The company had a trading volume of 3,207,168 shares, compared to its average volume of 3,452,204. The business's 50 day simple moving average is $5.99 and its two-hundred day simple moving average is $7.14. The stock has a market cap of $10.12 billion, a PE ratio of -27.54 and a beta of 1.66. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. UWM Holdings Co. has a 1-year low of $5.31 and a 1-year high of $9.74.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on UWMC. Keefe, Bruyette & Woods cut their price target on shares of UWM from $7.00 to $6.50 and set a "market perform" rating for the company in a report on Friday, January 3rd. The Goldman Sachs Group reduced their price target on shares of UWM from $8.50 to $7.50 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Finally, Morgan Stanley reduced their price target on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.39.
View Our Latest Research Report on UWMC
About UWM
(
Free Report)
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.
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