Cubist Systematic Strategies LLC lessened its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 81.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,051 shares of the construction company’s stock after selling 43,508 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Beazer Homes USA were worth $188,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of BZH. Schwab Charles Investment Management Inc. lifted its position in shares of Beazer Homes USA by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock worth $1,580,000 after buying an additional 627 shares during the period. Rhumbline Advisers lifted its position in shares of Beazer Homes USA by 1.2% during the 2nd quarter. Rhumbline Advisers now owns 44,068 shares of the construction company’s stock worth $605,000 after buying an additional 523 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Beazer Homes USA by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 155,200 shares of the construction company’s stock worth $2,129,000 after buying an additional 2,905 shares during the period. American Century Companies Inc. bought a new position in shares of Beazer Homes USA during the 2nd quarter worth approximately $1,718,000. Finally, Neuberger Berman Group LLC lifted its position in shares of Beazer Homes USA by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock worth $201,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 83.28% of the company’s stock.
BZH has been the subject of several analyst reports. Credit Suisse Group restated a “neutral” rating and set a $21.00 target price (up previously from $15.00) on shares of Beazer Homes USA in a research report on Monday, November 20th. JPMorgan Chase & Co. raised Beazer Homes USA from a “neutral” rating to an “overweight” rating and raised their price target for the company from $14.50 to $21.00 in a report on Thursday, September 14th. Zacks Investment Research cut Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, TheStreet raised Beazer Homes USA from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $18.50.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.50. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. The firm had revenue of $673.00 million during the quarter, compared to analysts’ expectations of $645.17 million. During the same period last year, the firm posted $0.45 EPS. The business’s revenue was up 6.5% on a year-over-year basis. equities analysts anticipate that Beazer Homes USA, Inc. will post 1.4 earnings per share for the current fiscal year.
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About Beazer Homes USA
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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