GSA Capital Partners LLP Sells 72,244 Shares of Beazer Homes USA, Inc. $BZH

GSA Capital Partners LLP cut its position in Beazer Homes USA, Inc. (NYSE:BZH) by 59.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 50,264 shares of the construction company’s stock after selling 72,244 shares during the quarter. GSA Capital Partners LLP’s holdings in Beazer Homes USA were worth $1,234,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Boston Partners increased its position in shares of Beazer Homes USA by 0.9% during the second quarter. Boston Partners now owns 1,122,703 shares of the construction company’s stock valued at $25,256,000 after acquiring an additional 9,807 shares in the last quarter. Winslow Asset Management Inc. boosted its stake in Beazer Homes USA by 2.3% during the 2nd quarter. Winslow Asset Management Inc. now owns 488,430 shares of the construction company’s stock valued at $10,926,000 after purchasing an additional 10,899 shares during the last quarter. LSV Asset Management increased its holdings in shares of Beazer Homes USA by 11.9% in the 2nd quarter. LSV Asset Management now owns 360,651 shares of the construction company’s stock worth $8,068,000 after purchasing an additional 38,495 shares in the last quarter. Peregrine Capital Management LLC raised its stake in shares of Beazer Homes USA by 19.4% in the second quarter. Peregrine Capital Management LLC now owns 238,903 shares of the construction company’s stock worth $5,344,000 after purchasing an additional 38,832 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Beazer Homes USA by 1,385.2% in the third quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company’s stock worth $5,639,000 after purchasing an additional 214,239 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Up 0.3%

BZH stock opened at $27.78 on Thursday. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $28.33. The business’s 50-day moving average is $23.05 and its two-hundred day moving average is $23.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.81 and a current ratio of 19.62. The company has a market cap of $819.82 million, a price-to-earnings ratio of 92.61, a P/E/G ratio of 2.29 and a beta of 2.21.

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

Wall Street Analysts Forecast Growth

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

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.