Quantbot Technologies LP Sells 10,192 Shares of UWM Holdings Co. (NYSE:UWMC)

Quantbot Technologies LP lowered its position in shares of UWM Holdings Co. (NYSE:UWMC) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 263,536 shares of the company’s stock after selling 10,192 shares during the quarter. Quantbot Technologies LP’s holdings in UWM were worth $1,547,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UWMC. HB Wealth Management LLC lifted its holdings in UWM by 23.0% during the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock worth $82,000 after acquiring an additional 2,631 shares during the period. Victory Capital Management Inc. raised its stake in shares of UWM by 20.7% during the 4th quarter. Victory Capital Management Inc. now owns 20,330 shares of the company’s stock worth $119,000 after purchasing an additional 3,488 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of 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 during the last quarter. Finally, Inspire Investing LLC grew its position in UWM by 5.3% during the fourth quarter. Inspire Investing LLC now owns 188,889 shares of the company’s stock valued at $1,109,000 after buying an additional 9,591 shares during the period. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wedbush reiterated a “neutral” rating and issued a $6.50 target price on shares of UWM in a research note on Monday, March 3rd. Keefe, Bruyette & Woods upgraded UWM from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $6.50 to $7.50 in a research note on Monday, March 3rd. Finally, Morgan Stanley decreased their target price on 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, UWM currently has a consensus rating of “Hold” and an average target price of $7.25.

UWM Stock Performance

NYSE UWMC opened at $5.80 on Tuesday. The company’s 50 day moving average is $6.19 and its 200-day moving average is $6.60. The firm has a market cap of $9.26 billion, a P/E ratio of -25.20 and a beta of 1.64. UWM Holdings Co. has a 12-month low of $5.31 and a 12-month high of $9.74. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06.

UWM (NYSE:UWMC) last posted its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $560.21 million during the quarter, compared to analysts’ expectations of $645.75 million. Sell-side analysts predict that UWM Holdings Co. will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend is Thursday, March 20th. UWM’s payout ratio is presently 500.00%.

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.