Beazer Homes USA, Inc. (BZH) Shares Sold by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. trimmed its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 265,100 shares of the construction company’s stock after selling 17,100 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.79% of Beazer Homes USA worth $5,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BZH. JPMorgan Chase & Co. grew its stake in shares of Beazer Homes USA by 141.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,474,859 shares of the construction company’s stock valued at $45,587,000 after purchasing an additional 1,451,175 shares during the period. Donald Smith & CO. Inc. bought a new stake in shares of Beazer Homes USA during the 4th quarter valued at about $11,974,000. Renaissance Technologies LLC grew its stake in shares of Beazer Homes USA by 212.0% during the 4th quarter. Renaissance Technologies LLC now owns 899,460 shares of the construction company’s stock valued at $17,279,000 after purchasing an additional 611,200 shares during the period. Acadian Asset Management LLC grew its stake in shares of Beazer Homes USA by 158.1% during the 4th quarter. Acadian Asset Management LLC now owns 671,470 shares of the construction company’s stock valued at $12,897,000 after purchasing an additional 411,286 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Beazer Homes USA by 55.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 651,056 shares of the construction company’s stock valued at $12,200,000 after purchasing an additional 232,516 shares during the period. Institutional investors own 90.21% of the company’s stock.

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In related news, Director Stephen P. Zelnak, Jr. acquired 15,000 shares of the stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $15.68 per share, with a total value of $235,200.00. Following the transaction, the director now directly owns 319,364 shares in the company, valued at $5,007,627.52. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen P. Zelnak, Jr. acquired 30,000 shares of the stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $15.65 per share, for a total transaction of $469,500.00. Following the completion of the transaction, the director now owns 319,364 shares in the company, valued at $4,998,046.60. The disclosure for this purchase can be found here. 7.30% of the stock is owned by insiders.

Beazer Homes USA stock opened at $16.76 on Thursday. Beazer Homes USA, Inc. has a 12-month low of $11.18 and a 12-month high of $23.24. The company has a debt-to-equity ratio of 2.40, a quick ratio of 2.27 and a current ratio of 18.95. The firm has a market capitalization of $543.27, a PE ratio of 10.56 and a beta of 2.58.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.19. Beazer Homes USA had a positive return on equity of 7.99% and a negative net margin of 5.01%. The firm had revenue of $372.49 million for the quarter, compared to analysts’ expectations of $357.45 million. sell-side analysts predict that Beazer Homes USA, Inc. will post 1.75 earnings per share for the current year.

BZH has been the subject of a number of recent research reports. JMP Securities upgraded Beazer Homes USA from an “underperform” rating to a “market perform” rating in a research note on Monday, February 12th. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $15.25 to $22.00 in a research note on Tuesday, February 13th. ValuEngine upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Monday, February 12th. Finally, TheStreet downgraded Beazer Homes USA from a “b-” rating to a “c-” rating in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Beazer Homes USA presently has a consensus rating of “Buy” and an average price target of $20.25.

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Beazer Homes USA Profile

Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.

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Institutional Ownership by Quarter for Beazer Homes USA (NYSE:BZH)

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