AlphaQuest LLC Trims Holdings in Beazer Homes USA, Inc. $BZH

Key Points

• AlphaQuest LLC reduced its stake in Beazer Homes USA by 89.8% in Q1, now holding only 2,717 shares worth $55,000.
• Beazer Homes reported a quarterly loss with earnings per share of $0.26, missing estimates of $0.42, and a revenue drop of 8.4% year-over-year.
• Analysts have set a consensus price target of $31.33 for Beazer Homes USA, with ratings reflecting a mix of Buy, Hold, and Sell.

AlphaQuest LLC trimmed its holdings in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 89.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,717 shares of the construction company's stock after selling 23,947 shares during the quarter. AlphaQuest LLC's holdings in Beazer Homes USA were worth $55,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Beazer Homes USA by 0.6% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 76,110 shares of the construction company's stock valued at $1,552,000 after acquiring an additional 476 shares during the period. US Bancorp DE raised its holdings in Beazer Homes USA by 48.1% during the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock valued at $51,000 after buying an additional 819 shares during the period. GHE LLC grew its position in Beazer Homes USA by 1.2% in the 1st quarter. GHE LLC now owns 70,637 shares of the construction company's stock valued at $1,440,000 after acquiring an additional 859 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Beazer Homes USA by 0.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 192,951 shares of the construction company's stock valued at $3,934,000 after acquiring an additional 872 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Beazer Homes USA in the 4th quarter valued at $34,000. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BZH. Wedbush reissued an "outperform" rating and set a $41.00 price target on shares of Beazer Homes USA in a research report on Friday, August 1st. B. Riley began coverage on Beazer Homes USA in a research report on Monday, June 30th. They set a "neutral" rating and a $23.00 price target on the stock. Finally, Oppenheimer reissued an "outperform" rating and set a $30.00 price target (down previously from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $31.33.

Beazer Homes USA Stock Down 2.6%

Shares of NYSE BZH traded down $0.68 during mid-day trading on Tuesday, reaching $25.34. 110,142 shares of the company were exchanged, compared to its average volume of 402,630. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94. The stock has a market cap of $753.11 million, a price-to-earnings ratio of 11.54, a P/E/G ratio of 0.83 and a beta of 2.12. Beazer Homes USA, Inc. has a 1 year low of $17.37 and a 1 year high of $38.22. The firm has a 50-day moving average of $24.37 and a 200 day moving average of $22.21.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.16). Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.The company had revenue of $545.37 million for the quarter, compared to analysts' expectations of $565.47 million. During the same quarter last year, the company earned $0.88 earnings per share. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, research analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Beazer Homes USA Profile

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.