Connor Clark & Lunn Investment Management Ltd. Sells 34,322 Shares of Beazer Homes USA, Inc. $BZH

Key Points

• Connor Clark & Lunn Investment Management Ltd. has reduced its stake in Beazer Homes USA by 26.7%, owning approximately 0.31% of the company's shares valued at $1.92 million after selling 34,322 shares.
• Despite a quarterly earnings miss, where Beazer reported $0.26 EPS compared to estimates of $0.42, analysts maintain varied ratings: B. Riley issued a "neutral" rating, while Wedbush and Oppenheimer reaffirmed "outperform" ratings with target prices of $41.00 and $30.00, respectively.
• Institutional investors hold a significant interest in Beazer Homes USA, owning 85.65% of the company's stock, indicating strong institutional support for the company.

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 26.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,007 shares of the construction company's stock after selling 34,322 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.31% of Beazer Homes USA worth $1,917,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BZH. Mill Road Capital Management LLC increased its position in Beazer Homes USA by 81.0% during the 4th quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company's stock worth $18,290,000 after purchasing an additional 297,989 shares in the last quarter. Algert Global LLC increased its position in Beazer Homes USA by 582.0% during the 4th quarter. Algert Global LLC now owns 160,008 shares of the construction company's stock worth $4,394,000 after purchasing an additional 136,548 shares in the last quarter. Readystate Asset Management LP acquired a new position in Beazer Homes USA during the 1st quarter worth approximately $2,210,000. Denali Advisors LLC increased its position in Beazer Homes USA by 198.5% during the 1st quarter. Denali Advisors LLC now owns 147,777 shares of the construction company's stock worth $3,013,000 after purchasing an additional 98,277 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Beazer Homes USA during the 4th quarter worth approximately $2,618,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Trading Down 1.5%

Shares of NYSE:BZH traded down $0.3760 during trading on Thursday, reaching $24.4140. The stock had a trading volume of 253,200 shares, compared to its average volume of 385,669. The firm's fifty day moving average is $23.51 and its 200 day moving average is $22.07. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 13.33. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22. The stock has a market cap of $725.83 million, a price-to-earnings ratio of 11.10, a P/E/G ratio of 0.79 and a beta of 2.09.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BZH. Wedbush reiterated an "outperform" rating and set a $41.00 price objective on shares of Beazer Homes USA in a research report on Friday, August 1st. B. Riley began coverage on shares of Beazer Homes USA in a research report on Monday, June 30th. They issued a "neutral" rating and a $23.00 price target for the company. Finally, Oppenheimer restated an "outperform" rating and issued a $30.00 price target (down 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 given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Beazer Homes USA has an average rating of "Hold" and a consensus price target of $31.33.

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.