Beazer Homes USA, Inc. $BZH Shares Sold by Caption Management LLC

Key Points

• Caption Management LLC dramatically reduced its holdings in Beazer Homes USA, selling 33,100 shares and retaining only 1,900 shares, a reduction of 94.6% in the first quarter.
• Several large investors, including US Bancorp and GSA Capital Partners, have increased their stakes in Beazer Homes USA, indicating renewed interest in the construction company.
• Beazer Homes reported disappointing earnings in its latest quarterly report, with an EPS of $0.26, missing estimates, and a revenue decline of 8.4% year-over-year.

Caption Management LLC trimmed its stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 94.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the construction company's stock after selling 33,100 shares during the period. Caption Management LLC's holdings in Beazer Homes USA were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in BZH. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Beazer Homes USA in the 4th quarter valued at about $34,000. US Bancorp DE boosted its position 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 valued at $51,000 after buying an additional 819 shares during the period. CWM LLC boosted its position in Beazer Homes USA by 148.4% in the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock valued at $82,000 after buying an additional 2,391 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Beazer Homes USA in the 1st quarter valued at about $99,000. Finally, Tower Research Capital LLC TRC boosted its position in Beazer Homes USA by 61.4% in 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 during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Beazer Homes USA Stock Performance

Shares of NYSE:BZH traded up $0.28 during midday trading on Friday, reaching $26.25. The company's stock had a trading volume of 409,358 shares, compared to its average volume of 341,888. The firm has a market capitalization of $780.25 million, a PE ratio of 11.93, a P/E/G ratio of 0.82 and a beta of 2.12. Beazer Homes USA, Inc. has a twelve month low of $17.37 and a twelve month high of $38.22. The stock has a fifty day moving average of $24.30 and a 200 day moving average of $22.22. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released 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). The business had revenue of $545.37 million during the quarter, compared to analyst estimates of $565.47 million. Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.The firm's revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. On average, equities analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal 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.