Michael Simanovsky Sells 3,246,275 Shares of United Homes Group, Inc. (NASDAQ:UHG) Stock

United Homes Group, Inc. (NASDAQ:UHGGet Free Report) Director Michael Simanovsky sold 3,246,275 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $4.75, for a total transaction of $15,419,806.25. Following the sale, the director now directly owns 1,775,725 shares in the company, valued at approximately $8,434,693.75. This represents a 64.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

United Homes Group Trading Up 0.9 %

Shares of United Homes Group stock opened at $4.46 on Friday. The company has a 50-day moving average of $5.77 and a two-hundred day moving average of $5.89. United Homes Group, Inc. has a 12-month low of $4.05 and a 12-month high of $9.48. The company has a current ratio of 6.62, a quick ratio of 1.58 and a debt-to-equity ratio of 7.16. The stock has a market cap of $215.91 million, a PE ratio of -7.56 and a beta of 0.68.

Hedge Funds Weigh In On United Homes Group

Several hedge funds have recently bought and sold shares of the company. Stoneridge Investment Partners LLC purchased a new position in United Homes Group during the 3rd quarter valued at about $298,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of United Homes Group in the third quarter valued at approximately $97,000. Finally, Barclays PLC increased its stake in shares of United Homes Group by 260.8% during the 3rd quarter. Barclays PLC now owns 7,500 shares of the company’s stock worth $46,000 after purchasing an additional 5,421 shares in the last quarter. 88.85% of the stock is owned by hedge funds and other institutional investors.

United Homes Group Company Profile

(Get Free Report)

United Homes Group, Inc, a homebuilding company, engages in the design, building, and sale of homes in South Carolina, North Carolina, and Georgia. It provides detached single-family houses, as well as attached single-family houses, including duplex and town houses for entry-level buyers, first time move-ups, second time move-ups, third time move-ups, and custom builds.

See Also

Insider Buying and Selling by Quarter for United Homes Group (NASDAQ:UHG)

Receive News & Ratings for United Homes Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Homes Group and related companies with MarketBeat.com's FREE daily email newsletter.