Beazer Homes USA, Inc. (BZH) Shares Sold by Highbridge Capital Management LLC

Highbridge Capital Management LLC lowered its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 73.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,772 shares of the construction company’s stock after selling 78,443 shares during the period. Highbridge Capital Management LLC owned about 0.08% of Beazer Homes USA worth $521,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Beazer Homes USA by 141.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,474,859 shares of the construction company’s stock valued at $45,587,000 after buying an additional 1,451,175 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Beazer Homes USA by 5.9% during 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 last quarter. Royce & Associates LP raised its stake in shares of Beazer Homes USA by 5.8% during the 2nd quarter. Royce & Associates LP now owns 1,484,779 shares of the construction company’s stock valued at $20,371,000 after purchasing an additional 81,700 shares during the period. Brandes Investment Partners LP raised its stake in shares of Beazer Homes USA by 4.0% during 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 purchasing an additional 51,962 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Beazer Homes USA by 3.3% during the 2nd quarter. Northern Trust Corp now owns 835,998 shares of the construction company’s stock valued at $11,470,000 after purchasing an additional 26,737 shares during the period. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA, Inc. (NYSE:BZH) opened at $18.95 on Friday. The company has a current ratio of 18.20, a quick ratio of 3.30 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $635.07, a PE ratio of 15.04 and a beta of 2.69. Beazer Homes USA, Inc. has a 1 year low of $11.18 and a 1 year high of $23.24.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.53 by $0.50. The firm had revenue of $673.00 million for the quarter, compared to analyst estimates of $645.17 million. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. sell-side analysts anticipate that Beazer Homes USA, Inc. will post 1.33 earnings per share for the current fiscal year.

A number of analysts recently issued reports on BZH shares. ValuEngine lowered Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. J P Morgan Chase & Co upgraded Beazer Homes USA from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $14.50 to $21.00 in a research note on Thursday, September 14th. Zacks Investment Research lowered Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. TheStreet upgraded Beazer Homes USA from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $21.00 target price (up from $15.00) on shares of Beazer Homes USA in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.50.

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

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