Bank of New York Mellon Corp increased its stake in UCP Inc (NYSE:UCP) by 8.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,889 shares of the construction company’s stock after buying an additional 2,331 shares during the period. Bank of New York Mellon Corp owned 0.36% of UCP worth $293,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of UCP. Teachers Advisors LLC boosted its stake in UCP by 96.7% in the fourth quarter. Teachers Advisors LLC now owns 17,033 shares of the construction company’s stock valued at $205,000 after buying an additional 8,372 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in UCP by 21.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 176,648 shares of the construction company’s stock valued at $2,129,000 after buying an additional 31,122 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in UCP by 347.4% in the fourth quarter. Renaissance Technologies LLC now owns 194,600 shares of the construction company’s stock valued at $2,345,000 after buying an additional 151,100 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.
UCP Inc (NYSE:UCP) traded up 1.24% during mid-day trading on Friday, hitting $11.44. 64,680 shares of the company traded hands. The company’s 50-day moving average price is $11.26 and its 200 day moving average price is $11.00. UCP Inc has a one year low of $7.96 and a one year high of $12.75.
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UCP, Inc is a homebuilder and land developer with a focus on residential land acquisition, development and entitlement, as well as home design, construction and sales. The Company operates in two segments: homebuilding and land development. The homebuilding and land segments include two geographic regions: West and Southeast.
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