Assenagon Asset Management S.A. Purchases New Shares in Beazer Homes USA, Inc. (NYSE:BZH)

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Assenagon Asset Management S.A. purchased a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the 2nd quarter, HoldingsChannel reports. The firm purchased 13,751 shares of the construction company’s stock, valued at approximately $138,000.

A number of other hedge funds have also recently added to or reduced their stakes in BZH. FMR LLC acquired a new stake in Beazer Homes USA during the first quarter valued at $10,786,000. Matarin Capital Management LLC acquired a new stake in Beazer Homes USA during the first quarter valued at $2,620,000. Saba Capital Management L.P. acquired a new stake in shares of Beazer Homes USA in the first quarter valued at about $2,321,000. Towle & Co. grew its position in shares of Beazer Homes USA by 15.5% in the first quarter. Towle & Co. now owns 2,522,243 shares of the construction company’s stock valued at $16,243,000 after purchasing an additional 337,710 shares during the period. Finally, Whitebox Advisors LLC grew its position in shares of Beazer Homes USA by 166.8% in the first quarter. Whitebox Advisors LLC now owns 537,423 shares of the construction company’s stock valued at $3,461,000 after purchasing an additional 336,000 shares during the period. Institutional investors own 82.49% of the company’s stock.

BZH has been the topic of several research analyst reports. Wedbush dropped their target price on shares of Beazer Homes USA from $16.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Zacks Investment Research lowered shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th.

Shares of NYSE BZH opened at $11.19 on Friday. The company’s 50-day simple moving average is $10.27 and its 200-day simple moving average is $10.08. Beazer Homes USA, Inc. has a 52-week low of $4.39 and a 52-week high of $17.23. The firm has a market cap of $347.23 million, a price-to-earnings ratio of 10.86 and a beta of 2.40. The company has a quick ratio of 2.49, a current ratio of 14.12 and a debt-to-equity ratio of 2.61.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $489.41 million for the quarter, compared to analyst estimates of $480.90 million. Beazer Homes USA had a net margin of 1.39% and a return on equity of 11.14%. During the same period in the previous year, the business posted ($3.28) earnings per share. Equities research analysts anticipate that Beazer Homes USA, Inc. will post 0.7 EPS for the current fiscal year.

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, Gatherings, and Choice Plans names. 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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