Stone Ridge Asset Management LLC Acquires New Stake in Beazer Homes USA (BZH)

Stone Ridge Asset Management LLC acquired a new position in shares of Beazer Homes USA (NYSE:BZH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,408 shares of the construction company’s stock, valued at approximately $219,000.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Beazer Homes USA during the third quarter worth about $149,000. Centaurus Financial Inc. acquired a new position in shares of Beazer Homes USA during the fourth quarter worth about $204,000. Teacher Retirement System of Texas acquired a new position in shares of Beazer Homes USA during the fourth quarter worth about $210,000. Nordea Investment Management AB boosted its position in shares of Beazer Homes USA by 65.2% during the third quarter. Nordea Investment Management AB now owns 17,986 shares of the construction company’s stock worth $337,000 after buying an additional 7,100 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its position in shares of Beazer Homes USA by 32.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 23,886 shares of the construction company’s stock worth $459,000 after buying an additional 5,904 shares during the period. 90.21% of the stock is owned by institutional investors.

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Shares of NYSE BZH opened at $17.27 on Friday. Beazer Homes USA has a 52 week low of $11.59 and a 52 week high of $23.24. The company has a quick ratio of 2.27, a current ratio of 18.95 and a debt-to-equity ratio of 2.40. The company has a market cap of $546.63, a P/E ratio of 10.63 and a beta of 2.54.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Tuesday, February 6th. The construction company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.04 by $0.19. Beazer Homes USA had a positive return on equity of 7.99% and a negative net margin of 5.01%. The firm had revenue of $372.49 million during the quarter, compared to analysts’ expectations of $357.45 million. equities research analysts anticipate that Beazer Homes USA will post 1.75 EPS for the current year.

BZH has been the subject of several recent research reports. JMP Securities raised Beazer Homes USA from an “underperform” rating to a “market perform” rating in a research report on Monday, February 12th. ValuEngine raised Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and increased their price target for the company from $15.25 to $22.00 in a research report on Tuesday, February 13th. Zacks Investment Research raised Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Monday, February 12th. Finally, TheStreet cut Beazer Homes USA from a “b-” rating to a “c-” rating in a research report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $20.25.

In other Beazer Homes USA news, Director Stephen P. Zelnak, Jr. acquired 15,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $15.68 per share, for a total transaction of $235,200.00. Following the completion of the purchase, the director now directly owns 319,364 shares of the company’s stock, valued at $5,007,627.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stephen P. Zelnak, Jr. acquired 30,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $15.65 per share, for a total transaction of $469,500.00. Following the purchase, the director now directly owns 319,364 shares of the company’s stock, valued at $4,998,046.60. The disclosure for this purchase can be found here. Corporate insiders own 7.60% of the company’s stock.

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About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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Institutional Ownership by Quarter for Beazer Homes USA (NYSE:BZH)

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