Beazer Homes USA, Inc. $BZH Shares Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC grew its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 234.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,901 shares of the construction company’s stock after purchasing an additional 43,380 shares during the quarter. Penn Capital Management Company LLC’s holdings in Beazer Homes USA were worth $1,520,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BZH. Harbor Capital Advisors Inc. grew its position in shares of Beazer Homes USA by 5.9% in the third 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 period. Rhumbline Advisers increased its stake in Beazer Homes USA by 1.4% in the second 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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. Denali Advisors LLC boosted its stake in Beazer Homes USA by 0.7% in the 3rd quarter. Denali Advisors LLC now owns 138,100 shares of the construction company’s stock worth $3,390,000 after buying an additional 923 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in 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 worth $1,507,000 after buying an additional 1,279 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Price Performance

Shares of Beazer Homes USA stock opened at $20.03 on Thursday. The business’s fifty day moving average price is $24.12 and its 200 day moving average price is $23.29. Beazer Homes USA, Inc. has a twelve month low of $17.37 and a twelve month high of $28.33. The company has a current ratio of 19.62, a quick ratio of 1.81 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $591.09 million, a P/E ratio of 66.77, a PEG ratio of 1.76 and a beta of 2.17.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, January 29th. The construction company reported ($0.90) EPS for the quarter, missing the consensus estimate of ($0.49) by ($0.41). The firm 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%.The business’s revenue was down 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. As a group, research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Analysts Set New Price Targets

BZH has been the subject of several recent analyst reports. Wall Street Zen cut Beazer Homes USA from a “hold” rating to a “strong sell” rating in a report on Saturday, January 31st. Weiss Ratings cut shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research 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 report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.