UBS Group AG Acquires 352,092 Shares of Beazer Homes USA, Inc. $BZH

UBS Group AG increased its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 189.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 537,663 shares of the construction company’s stock after purchasing an additional 352,092 shares during the period. UBS Group AG owned approximately 1.82% of Beazer Homes USA worth $10,898,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Beazer Homes USA by 2.5% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 78,511 shares of the construction company’s stock valued at $1,591,000 after purchasing an additional 1,946 shares in the last quarter. Daytona Street Capital LLC bought a new position in shares of Beazer Homes USA during the 4th quarter valued at about $217,000. 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 valued at $179,000 after purchasing an additional 606 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Beazer Homes USA by 16.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 31,872 shares of the construction company’s stock valued at $646,000 after purchasing an additional 4,536 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Beazer Homes USA by 0.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 142,287 shares of the construction company’s stock valued at $2,884,000 after acquiring an additional 715 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wall Street Zen cut Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. Zacks Research upgraded Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Weiss Ratings cut Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.33.

Beazer Homes USA Trading Down 3.4%

NYSE BZH opened at $22.21 on Friday. The stock has a market capitalization of $606.86 million, a price-to-earnings ratio of -148.03 and a beta of 2.15. The stock’s 50 day moving average price is $21.08 and its two-hundred day moving average price is $22.33. 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 $28.33.

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