Denali Advisors LLC Sells 53,890 Shares of Beazer Homes USA, Inc. $BZH

Denali Advisors LLC reduced its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 39.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 84,210 shares of the construction company’s stock after selling 53,890 shares during the period. Denali Advisors LLC’s holdings in Beazer Homes USA were worth $1,707,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Beazer Homes USA in the third quarter worth $37,000. Osaic Holdings Inc. lifted its stake in Beazer Homes USA by 454.9% in the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,724 shares during the last quarter. Comerica Bank bought a new stake in Beazer Homes USA in the third quarter worth $48,000. Aquatic Capital Management LLC bought a new stake in Beazer Homes USA in the third quarter worth $70,000. Finally, Tower Research Capital LLC TRC lifted its stake in Beazer Homes USA by 123.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock worth $78,000 after purchasing an additional 1,933 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Weiss Ratings downgraded shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, January 30th. Wall Street Zen raised shares of Beazer Homes USA from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Zacks Research raised shares of Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.33.

Beazer Homes USA Price Performance

BZH stock opened at $18.72 on Friday. The firm’s 50-day moving average price is $21.34 and its two-hundred day moving average price is $22.36. Beazer Homes USA, Inc. has a 12-month low of $17.83 and a 12-month high of $28.33. The stock has a market capitalization of $511.64 million, a price-to-earnings ratio of -124.81, a PEG ratio of 6.75 and a beta of 2.15. The company has a current ratio of 15.67, a quick ratio of 1.32 and a debt-to-equity ratio of 1.05.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.69. Beazer Homes USA had a negative net margin of 0.18% and a positive return on equity of 0.99%. The firm had revenue of $409.85 million for the quarter, compared to analysts’ expectations of $448.79 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. The company’s revenue for the quarter was down 27.5% compared to the same quarter last year. As a group, equities analysts predict that Beazer Homes USA, Inc. will post 0.23 earnings per share for the current year.

Beazer Homes USA Profile

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.