Readystate Asset Management LP Sells 27,952 Shares of Beazer Homes USA, Inc. $BZH

Readystate Asset Management LP trimmed its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 17.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,918 shares of the construction company’s stock after selling 27,952 shares during the period. Readystate Asset Management LP owned approximately 0.48% of Beazer Homes USA worth $2,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BZH. Harbor Capital Advisors Inc. lifted its holdings in shares of Beazer Homes USA by 7.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,808 shares of the construction company’s stock worth $179,000 after acquiring an additional 606 shares during the period. Rhumbline Advisers increased its stake in Beazer Homes USA by 1.4% in the second quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock valued at $1,034,000 after acquiring an additional 642 shares during the last quarter. State of Wyoming increased its stake in Beazer Homes USA by 18.5% in the fourth quarter. State of Wyoming now owns 4,523 shares of the construction company’s stock valued at $92,000 after acquiring an additional 706 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Beazer Homes USA by 0.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 142,287 shares of the construction company’s stock valued at $2,884,000 after purchasing an additional 715 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Beazer Homes USA by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock worth $353,000 after purchasing an additional 734 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wall Street Zen cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Weiss Ratings upgraded Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.50.

Beazer Homes USA Stock Up 1.0%

Beazer Homes USA stock opened at $33.39 on Wednesday. The firm has a market cap of $912.57 million, a price-to-earnings ratio of -222.57 and a beta of 2.18. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.32 and a current ratio of 15.67. Beazer Homes USA, Inc. has a 52-week low of $17.83 and a 52-week high of $34.00. The firm has a 50 day moving average price of $28.34 and a two-hundred day moving average price of $24.69.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.69. Beazer Homes USA had a negative net margin of 0.18% and a positive return on equity of 0.99%. The business had revenue of $409.85 million for the quarter, compared to analysts’ expectations of $448.79 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The business’s quarterly revenue was down 27.5% compared to the same quarter last year. Equities analysts predict that Beazer Homes USA, Inc. will post -0.41 EPS for the current year.

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.