49,028 Shares in Beazer Homes USA, Inc. $BZH Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Beazer Homes USA, Inc. (NYSE:BZH) in the third quarter, Holdings Channel.com reports. The fund purchased 49,028 shares of the construction company’s stock, valued at approximately $1,204,000.

A number of other hedge funds have also recently bought and sold shares of BZH. State of Alaska Department of Revenue bought a new stake in shares of Beazer Homes USA in the 3rd quarter worth $37,000. Osaic Holdings Inc. boosted its holdings in Beazer Homes USA by 454.9% during 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. Tower Research Capital LLC TRC grew its position in Beazer Homes USA by 123.4% in the 2nd 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 in the last quarter. State of Wyoming purchased a new stake in Beazer Homes USA in the 2nd quarter valued at about $89,000. Finally, AlphaQuest LLC increased its stake in Beazer Homes USA by 58.3% in the 2nd quarter. AlphaQuest LLC now owns 4,300 shares of the construction company’s stock valued at $96,000 after buying an additional 1,583 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BZH. Wall Street Zen downgraded Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 31st. Zacks Research upgraded Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Weiss Ratings lowered Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Beazer Homes USA presently has an average rating of “Hold” and an average price target of $31.33.

Beazer Homes USA Price Performance

Beazer Homes USA stock opened at $22.77 on Friday. The company has a current ratio of 19.62, a quick ratio of 1.81 and a debt-to-equity ratio of 0.94. The business’s 50 day simple moving average is $23.94 and its 200 day simple moving average is $23.56. Beazer Homes USA, Inc. has a 12 month low of $17.37 and a 12 month high of $28.33. The company has a market cap of $671.94 million, a price-to-earnings ratio of 75.90, a PEG ratio of 1.95 and a beta of 2.17.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, January 29th. The construction company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.41). The firm had revenue of $363.49 million during the quarter, compared to the consensus estimate of $423.23 million. Beazer Homes USA had a net margin of 0.44% and a return on equity of 2.11%. The business’s quarterly revenue was down 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Sell-side analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Beazer Homes USA Company 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.