Ghe LLC reduced its position in shares of Beazer Homes USA, Inc. (NYSE:BZH – Free Report) by 78.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,264 shares of the construction company’s stock after selling 55,287 shares during the quarter. Ghe LLC’s holdings in Beazer Homes USA were worth $294,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. UBS Group AG lifted its position in shares of Beazer Homes USA by 189.7% in the fourth quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock valued at $10,898,000 after buying an additional 352,092 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Beazer Homes USA by 928.5% during the 3rd quarter. Millennium Management LLC now owns 376,183 shares of the construction company’s stock worth $9,235,000 after acquiring an additional 339,607 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Beazer Homes USA by 1,385.2% during 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 during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Beazer Homes USA by 22.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock valued at $13,753,000 after acquiring an additional 122,606 shares during the period. Finally, Readystate Asset Management LP raised its stake in Beazer Homes USA by 154.3% in the 4th quarter. Readystate Asset Management LP now owns 157,870 shares of the construction company’s stock valued at $3,200,000 after acquiring an additional 95,782 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.
Beazer Homes USA Price Performance
BZH stock opened at $31.95 on Monday. 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 12 month low of $17.83 and a 12 month high of $32.41. The firm has a market cap of $873.22 million, a P/E ratio of -213.01 and a beta of 2.18. The company’s 50-day moving average price is $25.61 and its two-hundred day moving average price is $23.63.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on BZH shares. Weiss Ratings restated a “sell (d)” rating on shares of Beazer Homes USA in a research note on Friday, June 26th. Wall Street Zen cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.50.
Check Out Our Latest Stock Analysis on Beazer Homes USA
About Beazer Homes USA
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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