2 weeks Ago By ABMN Staff
UWM ( NYSE:UWMC – Get Free Report ) was upgraded by equities researchers at UBS Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm presently has a $4.50 price objective on the stock, down from their previous price objective of $4.
75. UBS Group’s price target would indicate a potential downside of 0.55% from the company’s previous close.
Several other research firms have also recently weighed in on UWMC. Keefe, Bruyette & Woods raised UWM from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $6.50 to $7.
50 in a research report on Monday, March 3rd. Wedbush reaffirmed a “neutral” rating and set a $6.50 target price on shares of UWM in a report on Monday, March 3rd.
Finally, Morgan Stanley dropped their target price on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a report on Thursday, December 19th.
Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.21.
Read Our Latest Stock Report on UWM UWM Stock Down 0.5 % UWM ( NYSE:UWMC – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.
01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06).
The business had revenue of $560.21 million for the quarter, compared to analysts’ expectations of $645.75 million.
Analysts anticipate that UWM will post 0.2 EPS for the current fiscal year. Institutional Inflows and Outflows Several institutional investors have recently bought and sold shares of UWMC.
Wealth Enhancement Advisory Services LLC raised its position in shares of UWM by 112.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 118,720 shares of the company’s stock worth $648,000 after acquiring an additional 62,862 shares in the last quarter.
GAMMA Investing LLC lifted its stake in UWM by 101.8% during the 1st quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock valued at $32,000 after acquiring an additional 2,958 shares during the period.
Pallas Capital Advisors LLC acquired a new stake in UWM during the 1st quarter worth about $258,000. Merit Financial Group LLC acquired a new position in UWM in the first quarter valued at approximately $163,000. Finally, 180 Wealth Advisors LLC boosted its holdings in UWM by 9.
3% during the first quarter. 180 Wealth Advisors LLC now owns 67,508 shares of the company’s stock worth $369,000 after buying an additional 5,724 shares in the last quarter. 53.
59% of the stock is currently owned by hedge funds and other institutional investors. UWM Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for UWM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UWM and related companies with MarketBeat.
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