UWM Holdings Co. (NYSE:UWMC) Receives Average Rating of "Hold" from Analysts

UWM Holdings Co. (NYSE:UWMC - Get Free Report) has received a consensus rating of "Hold" from the seven analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.39.

Several research firms recently weighed in on UWMC. The Goldman Sachs Group cut their price target on shares of UWM from $8.50 to $7.50 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Keefe, Bruyette & Woods cut their price target on shares of UWM from $7.00 to $6.50 and set a "market perform" rating on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley cut their price target on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating on the stock in a report on Thursday, December 19th.

Institutional Trading of UWM

Several hedge funds and other institutional investors have recently modified their holdings of UWMC. Wedmont Private Capital increased its holdings in UWM by 10.8% during the 3rd quarter. Wedmont Private Capital now owns 20,113 shares of the company's stock worth $171,000 after acquiring an additional 1,963 shares during the period. HB Wealth Management LLC grew its stake in UWM by 23.0% in the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock worth $82,000 after buying an additional 2,631 shares in the last quarter. Victory Capital Management Inc. grew its stake in UWM by 20.7% in the 4th quarter. Victory Capital Management Inc. now owns 20,330 shares of the company's stock worth $119,000 after buying an additional 3,488 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in UWM by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 580,547 shares of the company's stock worth $3,408,000 after buying an additional 6,257 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in UWM by 31.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 30,148 shares of the company's stock worth $177,000 after buying an additional 7,164 shares in the last quarter. Institutional investors own 53.59% of the company's stock.

UWM Stock Down 0.2 %

Shares of NYSE UWMC traded down $0.02 during mid-day trading on Wednesday, reaching $6.28. 5,228,941 shares of the company's stock traded hands, compared to its average volume of 2,831,882. The stock has a market cap of $10.03 billion, a P/E ratio of -27.28 and a beta of 1.66. The business has a 50-day simple moving average of $6.01 and a 200 day simple moving average of $7.18. UWM has a 1-year low of $5.31 and a 1-year high of $9.74. 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 (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.07). The firm had revenue of $526.43 million for the quarter, compared to analysts' expectations of $517.02 million. During the same period in the prior year, the company earned $0.29 EPS. On average, analysts expect that UWM will post 0.2 EPS for the current fiscal year.

UWM Company Profile

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.