21,535 Shares in Beazer Homes USA, Inc. $BZH Acquired by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd acquired a new stake in Beazer Homes USA, Inc. (NYSE:BZH) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,535 shares of the construction company’s stock, valued at approximately $604,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Donald Smith & CO. Inc. purchased a new stake in Beazer Homes USA during the second quarter worth $78,938,000. UBS Group AG increased 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 in the last quarter. Millennium Management LLC increased its position in shares of Beazer Homes USA by 928.5% in the third quarter. Millennium Management LLC now owns 376,183 shares of the construction company’s stock valued at $9,235,000 after buying an additional 339,607 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 buying an additional 214,239 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Beazer Homes USA by 22.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock worth $13,753,000 after buying an additional 122,606 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BZH. Oppenheimer cut shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Wall Street Zen cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Zacks Research raised shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, Texas Capital cut shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Beazer Homes USA Stock Performance

NYSE BZH opened at $33.24 on Monday. The company has a quick ratio of 1.28, a current ratio of 14.64 and a debt-to-equity ratio of 1.23. Beazer Homes USA, Inc. has a fifty-two week low of $17.83 and a fifty-two week high of $34.54. The business has a fifty day moving average of $31.67 and a 200-day moving average of $26.23. The stock has a market cap of $886.84 million, a price-to-earnings ratio of -110.80 and a beta of 2.17.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Friday, August 7th. The construction company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.18. The business had revenue of $516.31 million for the quarter, compared to analyst estimates of $510.55 million. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%.The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. As a group, analysts predict that Beazer Homes USA, Inc. will post -0.33 earnings per share for the current fiscal year.

Beazer Homes USA 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.