Peregrine Capital Management LLC cut its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH – Free Report) by 8.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 206,971 shares of the construction company’s stock after selling 19,975 shares during the quarter. Peregrine Capital Management LLC’s holdings in Beazer Homes USA were worth $3,982,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Jennison Associates LLC purchased a new position in shares of Beazer Homes USA during the 4th quarter valued at about $1,039,000. JPMorgan Chase & Co. increased its holdings in Beazer Homes USA by 1,385.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company’s stock worth $5,639,000 after acquiring an additional 214,239 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Beazer Homes USA in the 3rd quarter worth approximately $1,204,000. UBS Group AG raised its stake in Beazer Homes USA by 189.7% during the 4th quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock worth $10,898,000 after acquiring an additional 352,092 shares during the period. Finally, Abacus Wealth Partners LLC bought a new stake in Beazer Homes USA during the 4th quarter worth approximately $1,022,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.
Beazer Homes USA Stock Performance
NYSE BZH opened at $28.11 on Friday. The company has a quick ratio of 1.32, a current ratio of 15.67 and a debt-to-equity ratio of 1.05. Beazer Homes USA, Inc. has a twelve month low of $17.83 and a twelve month high of $29.80. The business has a 50-day moving average price of $24.74 and a 200-day moving average price of $23.29. The firm has a market cap of $768.19 million, a price-to-earnings ratio of -187.39 and a beta of 2.18.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on BZH shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Beazer Homes USA in a research report on Friday, June 26th. Wall Street Zen downgraded shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.50.
Check Out Our Latest Stock Analysis on BZH
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.
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