UWM Holdings Corporation (NYSE:UWMC) Given Consensus Rating of “Hold” by Analysts

UWM Holdings Corporation (NYSE:UWMC) has received an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $6.5313.

UWMC has been the subject of a number of analyst reports. Morgan Stanley set a $6.00 price objective on shares of UWM in a research report on Tuesday, December 16th. Jefferies Financial Group initiated coverage on UWM in a report on Friday, December 19th. They set a “hold” rating and a $5.00 price target for the company. Wall Street Zen lowered UWM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. The Goldman Sachs Group set a $5.00 price objective on UWM in a research report on Tuesday, January 6th. Finally, UBS Group boosted their target price on UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th.

UWM Stock Up 4.0%

UWMC opened at $4.89 on Friday. UWM has a fifty-two week low of $3.80 and a fifty-two week high of $7.14. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a 50 day simple moving average of $5.12 and a 200 day simple moving average of $5.44.

Insider Transactions at UWM

In other UWM news, CEO Ishbia Mat sold 632,874 shares of the business’s stock in a transaction on Friday, December 26th. The shares were sold at an average price of $4.57, for a total transaction of $2,892,234.18. Following the sale, the chief executive officer owned 2,245,619 shares of the company’s stock, valued at approximately $10,262,478.83. The trade was a 21.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 20,602,535 shares of company stock valued at $107,268,823 over the last quarter. Company insiders own 87.50% of the company’s stock.

Hedge Funds Weigh In On UWM

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of UWM by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company’s stock worth $83,042,000 after acquiring an additional 1,676,754 shares during the last quarter. Brandes Investment Partners LP purchased a new stake in shares of UWM in the fourth quarter worth approximately $45,867,000. Balyasny Asset Management L.P. raised its stake in shares of UWM by 116.6% in the second quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company’s stock worth $24,803,000 after purchasing an additional 3,224,806 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in shares of UWM in the third quarter valued at approximately $32,630,000. Finally, Bank of America Corp DE boosted its position in shares of UWM by 40.5% during the third quarter. Bank of America Corp DE now owns 5,279,523 shares of the company’s stock valued at $32,152,000 after buying an additional 1,520,923 shares during the last quarter. Institutional investors own 53.59% of the company’s stock.

UWM Company Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.