Beazer Homes USA, Inc. (NYSE:BZH) Sees Significant Drop in Short Interest

Beazer Homes USA, Inc. (NYSE:BZH) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,470,000 shares, a drop of 13.5% from the January 15th total of 1,700,000 shares. Approximately 5.1% of the company’s stock are sold short. Based on an average daily volume of 384,600 shares, the short-interest ratio is currently 3.8 days.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Beazer Homes USA in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.67.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sterling Capital Management LLC lifted its stake in Beazer Homes USA by 776.2% in the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock worth $25,000 after purchasing an additional 815 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Beazer Homes USA in the 4th quarter worth about $34,000. Quarry LP bought a new position in Beazer Homes USA in the 4th quarter worth about $69,000. Point72 Asset Management L.P. bought a new position in Beazer Homes USA in the 3rd quarter worth about $125,000. Finally, KLP Kapitalforvaltning AS bought a new position in Beazer Homes USA in the 4th quarter worth about $148,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Trading Down 0.5 %

NYSE:BZH opened at $24.97 on Tuesday. Beazer Homes USA has a 12 month low of $20.66 and a 12 month high of $38.22. The company has a 50 day simple moving average of $27.05 and a two-hundred day simple moving average of $30.21. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The company has a market cap of $778.97 million, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.32 and a beta of 2.22.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. Research analysts forecast that Beazer Homes USA will post 3.48 earnings per share for the current year.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.