Readystate Asset Management LP Sells 33,497 Shares of Beazer Homes USA, Inc. $BZH

Readystate Asset Management LP trimmed its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 35.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,088 shares of the construction company’s stock after selling 33,497 shares during the period. Readystate Asset Management LP owned about 0.21% of Beazer Homes USA worth $1,524,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BZH. Royal Bank of Canada boosted its stake in shares of Beazer Homes USA by 1.8% in the 1st quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock valued at $1,507,000 after purchasing an additional 1,279 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Beazer Homes USA by 35.5% during the 1st quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock valued at $4,055,000 after purchasing an additional 52,062 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Beazer Homes USA by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock valued at $353,000 after buying an additional 734 shares in the last quarter. CWM LLC grew its stake in Beazer Homes USA by 69.2% during the second quarter. CWM LLC now owns 6,771 shares of the construction company’s stock worth $151,000 after buying an additional 2,769 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Beazer Homes USA by 58.3% during the second quarter. AlphaQuest LLC now owns 4,300 shares of the construction company’s stock worth $96,000 after buying an additional 1,583 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Trading Up 0.1%

BZH opened at $27.73 on Wednesday. The firm has a 50 day simple moving average of $22.95 and a 200 day simple moving average of $23.42. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $28.10. The company has a market cap of $818.31 million, a price-to-earnings ratio of 92.44, a price-to-earnings-growth ratio of 2.29 and a beta of 2.21. The company has a debt-to-equity ratio of 0.94, a current ratio of 19.62 and a quick ratio of 1.81.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, January 29th. The construction company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.41). The business had revenue of $363.49 million for the quarter, compared to analyst estimates of $423.23 million. Beazer Homes USA had a return on equity of 2.11% and a net margin of 0.44%.Beazer Homes USA’s revenue was down 22.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. On average, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings downgraded Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, January 30th. Wall Street Zen cut Beazer Homes USA from a “hold” rating to a “strong sell” rating in a report on Saturday, January 31st. Finally, Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Beazer Homes USA presently has a consensus rating of “Hold” and a consensus target price of $31.33.

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.