5 Pump and Dump Stocks Hedge Funds Like

4. UWM Holdings Corporation (NYSE:UWMC)

Number of Hedge Fund Holders: 17  

52-Week Price Range ($): 2.84 – 7.16   

UWM Holdings Corporation (NYSE:UWMC) engages in the residential mortgage lending business in the United States. On November 4, UWM Holdings Corporation posted earnings for the third quarter of 2022, reporting earnings per share of $0.16, beating market estimates by $0.18. The revenue over the period was $684.17 million, down 0.9% compared to the revenue over the same period last year and beating market estimates by $328.48 million.

On October 17, Barclays analyst Mark DeVries maintained an Equal Weight rating on UWM Holdings Corporation (NYSE:UWMC) stock and lowered the price target to $2.50 from $4, noting that near-term pressure on origination volumes was well understood, but the price target was dropped after taking a closer look at potential downside to 2023 origination volumes.

At the end of the third quarter of 2022, 17 hedge funds in the database of Insider Monkey held stakes worth $13.4 million in AMC Entertainment Holdings, Inc. (NYSE:AMC), compared to 15 in the preceding quarter worth $14.6 million.