Salzhauer Michael Invests $880,000 in UWM Holdings Co. (NYSE:UWMC)

Salzhauer Michael purchased a new stake in shares of UWM Holdings Co. (NYSE:UWMC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 150,000 shares of the company’s stock, valued at approximately $880,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in UWMC. Philadelphia Financial Management of San Francisco LLC bought a new stake in UWM during the 3rd quarter valued at $21,797,000. FMR LLC lifted its stake in shares of UWM by 24.5% during the 3rd 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 last quarter. Tidal Investments LLC bought a new stake in UWM during the third quarter valued at about $3,833,000. Carrera Capital Advisors purchased a new position in UWM in the third quarter valued at about $1,727,000. Finally, Quantbot Technologies LP raised 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 in the last quarter. 53.59% of the stock is currently owned by institutional investors.

UWM Trading Down 0.2 %

Shares of UWM stock opened at $6.28 on Monday. UWM Holdings Co. has a 12-month low of $5.31 and a 12-month high of $9.74. The firm’s 50 day simple moving average is $6.01 and its two-hundred day simple moving average is $7.18. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of -27.28 and a beta of 1.66.

UWM (NYSE:UWMC) last issued its earnings results 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 company had revenue of $526.43 million during the quarter, compared to the consensus estimate of $517.02 million. During the same period last year, the business earned $0.29 EPS. Analysts predict that UWM Holdings Co. will post 0.2 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley cut their price objective on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research report on Thursday, December 19th. 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. Finally, Keefe, Bruyette & Woods decreased their price objective on UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.39.

UWM 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.