Assenagon Asset Management S.A. Lowers Holdings in Beazer Homes USA, Inc. $BZH

Assenagon Asset Management S.A. cut its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 76.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,996 shares of the construction company’s stock after selling 108,291 shares during the quarter. Assenagon Asset Management S.A. owned about 0.12% of Beazer Homes USA worth $654,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in Beazer Homes USA by 20.2% in the 1st quarter. SG Americas Securities LLC now owns 17,320 shares of the construction company’s stock valued at $333,000 after acquiring an additional 2,907 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Beazer Homes USA by 14.0% in the fourth quarter. Hsbc Holdings PLC now owns 22,153 shares of the construction company’s stock valued at $449,000 after purchasing an additional 2,723 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Beazer Homes USA in the fourth quarter valued at approximately $1,157,000. Polymer Capital Management US LLC purchased a new stake in Beazer Homes USA during the 4th quarter worth approximately $337,000. Finally, Quadrature Capital Ltd purchased a new stake in Beazer Homes USA during the 4th quarter worth approximately $264,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Trading Up 2.1%

NYSE:BZH opened at $28.11 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.32 and a current ratio of 15.67. Beazer Homes USA, Inc. has a 1 year low of $17.83 and a 1 year high of $29.80. The stock has a fifty day moving average price of $24.74 and a two-hundred day moving average price of $23.29. The stock has a market capitalization of $768.19 million, a price-to-earnings ratio of -187.39 and a beta of 2.18.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.69. Beazer Homes USA had a negative net margin of 0.18% and a positive return on equity of 0.99%. The firm had revenue of $409.85 million for the quarter, compared to the consensus estimate of $448.79 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The firm’s revenue was down 27.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Beazer Homes USA, Inc. will post -0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Beazer Homes USA in a report on Friday, June 26th. Wall Street Zen cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.50.

Beazer Homes USA Profile

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.