Proficio Capital Partners LLC Acquires New Shares in Beazer Homes USA, Inc. (NYSE:BZH)

Proficio Capital Partners LLC purchased a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,066 shares of the construction company’s stock, valued at approximately $304,000.

A number of other large investors also recently added to or reduced their stakes in the company. Winslow Asset Management Inc. lifted its stake in Beazer Homes USA by 0.4% during the third quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company’s stock worth $16,789,000 after purchasing an additional 1,717 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Beazer Homes USA by 16.5% during the third quarter. Sanctuary Advisors LLC now owns 15,536 shares of the construction company’s stock worth $530,000 after purchasing an additional 2,197 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Beazer Homes USA during the third quarter worth $125,000. GHE LLC lifted its stake in Beazer Homes USA by 7.5% during the fourth quarter. GHE LLC now owns 69,778 shares of the construction company’s stock worth $1,916,000 after purchasing an additional 4,841 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Beazer Homes USA by 26.4% during the fourth quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company’s stock worth $689,000 after purchasing an additional 5,235 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wedbush restated an “outperform” rating and set a $45.00 price target on shares of Beazer Homes USA in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Stock Down 2.4 %

Shares of NYSE BZH opened at $22.14 on Wednesday. The stock has a market cap of $690.71 million, a P/E ratio of 5.63, a PEG ratio of 0.35 and a beta of 2.26. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Beazer Homes USA, Inc. has a 12-month low of $20.66 and a 12-month high of $38.22. The business’s fifty day simple moving average is $24.91 and its 200-day simple moving average is $29.51.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. As a group, equities analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.