Two Sigma Advisers LP Acquires Shares of 48,400 Beazer Homes USA (BZH)

Two Sigma Advisers LP acquired a new position in shares of Beazer Homes USA (NYSE:BZH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 48,400 shares of the construction company’s stock, valued at approximately $930,000.

Several other hedge funds have also recently modified their holdings of BZH. Nationwide Fund Advisors grew its holdings in shares of Beazer Homes USA by 26.1% during the third quarter. Nationwide Fund Advisors now owns 166,768 shares of the construction company’s stock worth $3,125,000 after purchasing an additional 34,502 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Beazer Homes USA by 24.4% during the third quarter. Russell Investments Group Ltd. now owns 149,447 shares of the construction company’s stock worth $2,801,000 after purchasing an additional 29,354 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Beazer Homes USA during the third quarter worth about $149,000. Wells Fargo & Company MN grew its holdings in shares of Beazer Homes USA by 48.1% during the third quarter. Wells Fargo & Company MN now owns 40,186 shares of the construction company’s stock worth $753,000 after purchasing an additional 13,052 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Beazer Homes USA by 19.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 137,363 shares of the construction company’s stock worth $2,575,000 after purchasing an additional 22,220 shares during the last quarter. 90.21% of the stock is currently owned by institutional investors.

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In other Beazer Homes USA news, Director Stephen P. Zelnak, Jr. acquired 30,000 shares of the stock in a transaction on Monday, February 12th. The shares were bought at an average price of $15.65 per share, with a total value of $469,500.00. Following the acquisition, the director now owns 319,364 shares of the company’s stock, valued at $4,998,046.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen P. Zelnak, Jr. acquired 15,000 shares of the stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $15.68 per share, for a total transaction of $235,200.00. Following the acquisition, the director now directly owns 319,364 shares in the company, valued at approximately $5,007,627.52. The disclosure for this purchase can be found here. Company insiders own 7.30% of the company’s stock.

Several equities analysts have issued reports on BZH shares. JMP Securities raised Beazer Homes USA from an “underperform” rating to a “market perform” rating in a report on Monday, February 12th. ValuEngine lowered Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research lowered Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 10th. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $15.25 to $22.00 in a report on Tuesday, February 13th. Finally, TheStreet lowered Beazer Homes USA from a “b-” rating to a “c-” rating in a report on Wednesday, February 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.25.

NYSE BZH opened at $15.89 on Monday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 2.27 and a current ratio of 18.95. Beazer Homes USA has a 52-week low of $11.82 and a 52-week high of $23.24. The stock has a market cap of $534.19, a P/E ratio of 10.39 and a beta of 2.53.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Tuesday, February 6th. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $357.45 million. analysts predict that Beazer Homes USA will post 1.75 earnings per share for the current fiscal year.

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About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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

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