Squarepoint Ops LLC Lowers Position in Beazer Homes USA, Inc. $BZH

Key Points

• Squarepoint Ops LLC cut its Beazer Homes USA stake by 47.1% in the second quarter, selling 53,106 shares and retaining 59,695 shares worth approximately $1.67 million. Institutional investors collectively own 85.65% of the company.
• Beazer Homes shares opened at $33.37, near their 52-week high of $34.54, with the stock up 0.4%. The company reported quarterly revenue of $516.31 million and an adjusted loss of $0.16 per share, beating analysts’ expectations.
• Analyst sentiment is mixed, with ratings ranging from Strong Buy to Sell and an overall MarketBeat consensus of Hold.

Squarepoint Ops LLC decreased its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 47.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,695 shares of the construction company's stock after selling 53,106 shares during the quarter. Squarepoint Ops LLC owned about 0.22% of Beazer Homes USA worth $1,674,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Beazer Homes USA in the second quarter valued at $56,000. Arizona State Retirement System bought a new stake in shares of Beazer Homes USA in the second quarter valued at about $206,000. SG Americas Securities LLC lifted its stake in Beazer Homes USA by 20.2% in the first quarter. SG Americas Securities LLC now owns 17,320 shares of the construction company's stock worth $333,000 after acquiring an additional 2,907 shares during the period. NINE MASTS CAPITAL Ltd bought a new position in Beazer Homes USA during the 2nd quarter worth about $604,000. Finally, Hsbc Holdings PLC grew its holdings in Beazer Homes USA by 14.0% during the 4th quarter. Hsbc Holdings PLC now owns 22,153 shares of the construction company's stock worth $449,000 after acquiring an additional 2,723 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Stock Up 0.4%

Shares of Beazer Homes USA stock opened at $33.37 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 14.64 and a debt-to-equity ratio of 1.23. The company has a market cap of $890.31 million, a P/E ratio of -111.23 and a beta of 2.17. The firm's 50 day moving average price is $32.98 and its 200-day moving average price is $26.75. Beazer Homes USA, Inc. has a 52-week low of $17.83 and a 52-week high of $34.54.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The construction company reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.18. The firm had revenue of $516.31 million during the quarter, compared to analysts' expectations of $510.55 million. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%.The business's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. On average, sell-side analysts predict that Beazer Homes USA, Inc. will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Texas Capital cut shares of Beazer Homes USA from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th. Zacks Research raised shares of Beazer Homes USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Oppenheimer downgraded shares of Beazer Homes USA from an "outperform" rating to a "market perform" rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded Beazer Homes USA from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold".

About Beazer Homes USA

Beazer Homes USA, Inc is a residential construction company that builds and sells single-family homes in the United States. The company develops residential communities and offers newly constructed homes in a range of designs, sizes and price points, with buyers typically able to select from available floor plans, finishes and other design features.

Beazer serves multiple U.S. housing markets, with operations concentrated in regions including the Southeast, Mid-Atlantic, Texas and the West.

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