AlphaQuest LLC Decreases Stock 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 decreased its position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 89.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Beazer Homes USA during the 4th quarter valued at $34,000. US Bancorp DE lifted its holdings in Beazer Homes USA by 48.1% in the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock worth $51,000 after buying an additional 819 shares during the period. CWM LLC raised its position in shares of Beazer Homes USA by 148.4% in the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock worth $82,000 after acquiring an additional 2,391 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Beazer Homes USA in the 1st quarter worth approximately $99,000. Finally, Tower Research Capital LLC TRC increased its position in Beazer Homes USA by 61.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company's stock valued at $165,000 after buying an additional 2,290 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Beazer Homes USA Trading Down 0.4%

Shares of NYSE BZH traded down $0.11 during trading hours on Monday, reaching $26.15. The stock had a trading volume of 158,120 shares, compared to its average volume of 402,536. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. The firm has a market cap of $777.32 million, a price-to-earnings ratio of 11.91, a P/E/G ratio of 0.83 and a beta of 2.12. The business's fifty day moving average price is $24.30 and its two-hundred day moving average price is $22.19. Beazer Homes USA, Inc. has a 52-week low of $17.37 and a 52-week high of $38.22.

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

Wall Street Analysts Forecast Growth

BZH has been the subject of a number of research analyst reports. Oppenheimer reissued an "outperform" rating and issued a $30.00 target price (down previously from $33.00) on shares of Beazer Homes USA in a report on Monday, August 4th. 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 target price on the stock. Finally, Wedbush restated an "outperform" rating and issued a $41.00 price objective on shares of Beazer Homes USA in a research report on Friday, August 1st. Two research 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, Beazer Homes USA currently has a consensus rating of "Hold" and an average price target of $31.33.

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.