21,535 Shares in Beazer Homes USA, Inc. $BZH Purchased by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd purchased a new stake in Beazer Homes USA, Inc. (NYSE:BZH) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,535 shares of the construction company’s stock, valued at approximately $604,000. NINE MASTS CAPITAL Ltd owned 0.08% of Beazer Homes USA as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. purchased a new position in shares of Beazer Homes USA in the 2nd quarter valued at approximately $78,938,000. Dimensional Fund Advisors LP raised its stake in shares of Beazer Homes USA by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock worth $19,236,000 after purchasing an additional 51,284 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Beazer Homes USA by 0.8% during the fourth quarter. First Eagle Investment Management LLC now owns 701,437 shares of the construction company’s stock worth $14,218,000 after purchasing an additional 5,500 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Beazer Homes USA by 22.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock worth $13,753,000 after purchasing an additional 122,606 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Beazer Homes USA by 189.7% during the fourth quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock worth $10,898,000 after purchasing an additional 352,092 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Oppenheimer cut shares of Beazer Homes USA from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Texas Capital downgraded shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings raised shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Zacks Research upgraded shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

Beazer Homes USA Trading Up 0.1%

NYSE:BZH opened at $33.24 on Monday. The stock has a fifty day moving average price of $31.67 and a two-hundred day moving average price of $26.23. The stock has a market capitalization of $886.84 million, a price-to-earnings ratio of -110.80 and a beta of 2.17. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.28 and a current ratio of 14.64. Beazer Homes USA, Inc. has a 1 year low of $17.83 and a 1 year high of $34.54.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Friday, August 7th. The construction company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.34) by $0.18. Beazer Homes USA had a negative net margin of 0.37% and a positive return on equity of 0.18%. The company had revenue of $516.31 million for the quarter, compared to analyst estimates of $510.55 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Beazer Homes USA, Inc. will post -0.33 earnings per share for the current fiscal year.

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.