Russell Investments Group Ltd. reduced its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 61.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 120,579 shares of the construction company’s stock after selling 189,209 shares during the period. Russell Investments Group Ltd. owned approximately 0.38% of Beazer Homes USA worth $1,462,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Numeric Investors LLC acquired a new stake in Beazer Homes USA during the fourth quarter valued at about $22,852,000. Bogle Investment Management L P DE acquired a new stake in Beazer Homes USA during the fourth quarter valued at about $4,006,000. Renaissance Technologies LLC acquired a new stake in Beazer Homes USA during the fourth quarter valued at about $2,449,000. Systematic Financial Management LP raised its stake in Beazer Homes USA by 27.1% in the fourth quarter. Systematic Financial Management LP now owns 280,479 shares of the construction company’s stock valued at $3,730,000 after buying an additional 59,789 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Beazer Homes USA during the first quarter valued at about $668,000. 81.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of Beazer Homes USA, Inc. (NYSE BZH) opened at 13.09 on Wednesday. The firm has a 50-day moving average of $13.29 and a 200 day moving average of $13.04. Beazer Homes USA, Inc. has a one year low of $6.81 and a one year high of $15.80. The stock’s market capitalization is $418.47 million.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, May 4th. The construction company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.10. Beazer Homes USA had a negative net margin of 0.22% and a positive return on equity of 4.08%. The company had revenue of $425.47 million during the quarter, compared to analysts’ expectations of $397.65 million. During the same period in the previous year, the company earned ($0.04) EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities research analysts predict that Beazer Homes USA, Inc. will post $0.79 EPS for the current year.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research report on Friday, May 5th. Zelman & Associates upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, May 5th. JMP Securities reiterated an “underperform” rating on shares of Beazer Homes USA in a report on Monday, May 29th. Finally, Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $12.31 to $15.00 in a report on Thursday, June 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $13.83.
About Beazer Homes USA
Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.
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