Beazer Homes USA, Inc. (NYSE:BZH) Short Interest Update

Beazer Homes USA, Inc. (NYSE:BZH) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 2,165,582 shares, a growth of 18.7% from the January 29th total of 1,824,154 shares. Approximately 8.0% of the company’s stock are short sold. Based on an average trading volume of 629,527 shares, the days-to-cover ratio is currently 3.4 days. Based on an average trading volume of 629,527 shares, the days-to-cover ratio is currently 3.4 days. Approximately 8.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Beazer Homes USA

Several hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. raised its position in shares of Beazer Homes USA by 5.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,202 shares of the construction company’s stock valued at $201,000 after purchasing an additional 456 shares during the last quarter. Rhumbline Advisers increased its stake in Beazer Homes USA by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock valued at $1,034,000 after purchasing an additional 642 shares in the last quarter. State of Wyoming raised its holdings in shares of Beazer Homes USA by 18.5% in the fourth quarter. State of Wyoming now owns 4,523 shares of the construction company’s stock worth $92,000 after buying an additional 706 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Beazer Homes USA by 0.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 142,287 shares of the construction company’s stock worth $2,884,000 after buying an additional 715 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 buying an additional 734 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Trading Down 3.3%

NYSE:BZH opened at $22.77 on Friday. The firm has a 50 day moving average of $23.94 and a 200 day moving average of $23.56. The stock has a market capitalization of $671.94 million, a price-to-earnings ratio of 75.90, a PEG ratio of 1.95 and a beta of 2.17. The company has a quick ratio of 1.81, a current ratio of 19.62 and a debt-to-equity ratio of 0.94. Beazer Homes USA has a 52 week low of $17.37 and a 52 week high of $28.33.

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

Analyst Ratings Changes

Several brokerages have issued reports on BZH. Zacks Research upgraded shares of Beazer Homes USA from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Weiss Ratings downgraded shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, January 30th. Finally, Wall Street Zen downgraded shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 31st. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.33.

About Beazer Homes USA

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.