150,000 Shares in UWM Holdings Co. (NYSE:UWMC) Bought by Salzhauer Michael

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

Other hedge funds have also bought and sold shares of the company. 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 valued at $87,064,000 after buying an additional 2,010,985 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new stake in UWM during the third quarter valued at about $21,797,000. State Street Corp lifted its position in shares of UWM by 5.0% in the third quarter. State Street Corp now owns 1,592,084 shares of the company’s stock valued at $13,723,000 after acquiring an additional 76,221 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of UWM by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company’s stock worth $13,183,000 after acquiring an additional 41,206 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of UWM by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 574,290 shares of the company’s stock worth $4,893,000 after purchasing an additional 7,846 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.

Wall Street Analyst Weigh In

UWMC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods dropped their price target on UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a research note on Friday, January 3rd. The Goldman Sachs Group dropped their target price 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 on the stock in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, UWM currently has an average rating of “Hold” and a consensus target price of $7.39.

UWM Stock Performance

Shares of NYSE:UWMC opened at $6.28 on Monday. The firm has a fifty day simple moving average of $6.01 and a two-hundred day simple moving average of $7.18. UWM Holdings Co. has a 52 week low of $5.31 and a 52 week 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. The stock has a market capitalization of $10.03 billion, a P/E ratio of -27.28 and a beta of 1.66.

UWM (NYSE:UWMC) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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 in the prior year, the company posted $0.29 EPS. On average, analysts expect that UWM Holdings Co. will post 0.2 earnings per share for the current fiscal year.

About UWM

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.