ClariVest Asset Management LLC reduced its position in shares of Beazer Homes USA Inc. (NYSE:BZH) by 20.8% during the second quarter, Holdings Channel reports. The institutional investor owned 39,700 shares of the company’s stock after selling 10,440 shares during the period. ClariVest Asset Management LLC’s holdings in Beazer Homes USA were worth $307,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in Beazer Homes USA during the second quarter worth approximately $249,000. Prudential Financial Inc. acquired a new position in Beazer Homes USA during the first quarter worth approximately $390,000. Nisa Investment Advisors LLC boosted its position in Beazer Homes USA by 245.0% in the second quarter. Nisa Investment Advisors LLC now owns 79,000 shares of the company’s stock worth $612,000 after buying an additional 56,100 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in Beazer Homes USA by 27.9% in the second quarter. Essex Investment Management Co. LLC now owns 97,822 shares of the company’s stock worth $758,000 after buying an additional 21,367 shares in the last quarter. Finally, Bogle Investment Management L P DE boosted its position in Beazer Homes USA by 526.8% in the first quarter. Bogle Investment Management L P DE now owns 120,972 shares of the company’s stock worth $1,054,000 after buying an additional 101,672 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.
Shares of Beazer Homes USA Inc. (NYSE:BZH) traded up 1.35% during mid-day trading on Tuesday, hitting $11.29. The stock had a trading volume of 330,833 shares. The stock has a market cap of $359.17 million, a P/E ratio of 1.12 and a beta of 3.06. Beazer Homes USA Inc. has a 12-month low of $6.07 and a 12-month high of $15.79. The company’s 50 day moving average price is $11.45 and its 200 day moving average price is $9.34.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. Beazer Homes USA had a net margin of 19.85% and a return on equity of 6.98%. The business earned $459.90 million during the quarter, compared to analysts’ expectations of $435.58 million. During the same period last year, the company posted $0.38 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Equities research analysts predict that Beazer Homes USA Inc. will post $0.38 EPS for the current fiscal year.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Monday, July 18th. FBN Securities cut Beazer Homes USA from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $13.50 to $11.50 in a research note on Monday, October 10th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.05.
In other news, Director Stephen P. Zelnak, Jr. bought 22,518 shares of the stock in a transaction on Monday, August 22nd. The stock was purchased at an average cost of $10.08 per share, with a total value of $226,981.44. Following the purchase, the director now owns 264,438 shares of the company’s stock, valued at $2,665,535.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen P. Zelnak, Jr. bought 50,000 shares of the stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of $9.70 per share, with a total value of $485,000.00. Following the completion of the purchase, the director now directly owns 241,920 shares in the company, valued at approximately $2,346,624. The disclosure for this purchase can be found here. Insiders own 5.90% of the company’s stock.
About Beazer Homes USA
Beazer Homes USA, Inc is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction.
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