Bayesian Capital Management LP Purchases Shares of 13,876 Beazer Homes USA, Inc. (BZH)

Bayesian Capital Management LP purchased a new stake in Beazer Homes USA, Inc. (NYSE:BZH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 13,876 shares of the construction company’s stock, valued at approximately $190,000.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Beazer Homes USA by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,687,887 shares of the construction company’s stock valued at $23,157,000 after buying an additional 93,632 shares during the period. Royce & Associates LP grew its stake in shares of Beazer Homes USA by 5.8% in the 2nd quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock valued at $20,371,000 after buying an additional 81,700 shares during the period. Brandes Investment Partners LP grew its stake in shares of Beazer Homes USA by 4.0% in the 2nd quarter. Brandes Investment Partners LP now owns 1,364,837 shares of the construction company’s stock valued at $18,726,000 after buying an additional 51,962 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Beazer Homes USA by 136.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,023,684 shares of the construction company’s stock valued at $14,045,000 after buying an additional 590,938 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Beazer Homes USA by 3.3% in the 2nd quarter. Northern Trust Corp now owns 835,998 shares of the construction company’s stock valued at $11,470,000 after buying an additional 26,737 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on BZH. BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Wedbush cut shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 price target for the company. in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, August 3rd. ValuEngine cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, J P Morgan Chase & Co raised shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $14.50 to $21.00 in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Beazer Homes USA currently has an average rating of “Hold” and a consensus price target of $15.50.

Beazer Homes USA, Inc. (NYSE:BZH) opened at 19.71 on Thursday. The firm’s market capitalization is $630.15 million. The stock has a 50 day moving average of $16.46 and a 200 day moving average of $14.03. Beazer Homes USA, Inc. has a one year low of $9.67 and a one year high of $19.83.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $478.59 million during the quarter, compared to the consensus estimate of $470.98 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 earnings per share. Analysts forecast that Beazer Homes USA, Inc. will post $0.81 earnings per share for the current year.

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Beazer Homes USA Company Profile

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.

Institutional Ownership by Quarter for Beazer Homes USA (NYSE:BZH)

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