SG Americas Securities LLC Sells 37,744 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

SG Americas Securities LLC decreased its position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 68.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,165 shares of the construction company's stock after selling 37,744 shares during the quarter. SG Americas Securities LLC owned about 0.05% of Beazer Homes USA worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BZH. Apollo Management Holdings L.P. purchased a new stake in Beazer Homes USA in the 1st quarter valued at about $21,323,000. Vanguard Group Inc. grew its holdings in Beazer Homes USA by 31.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company's stock valued at $54,677,000 after buying an additional 521,596 shares during the period. AQR Capital Management LLC grew its holdings in Beazer Homes USA by 140.0% in the 4th quarter. AQR Capital Management LLC now owns 519,290 shares of the construction company's stock valued at $6,626,000 after buying an additional 302,939 shares during the period. Invesco Ltd. grew its holdings in Beazer Homes USA by 152.0% in the 3rd quarter. Invesco Ltd. now owns 485,318 shares of the construction company's stock valued at $12,089,000 after buying an additional 292,706 shares during the period. Finally, Norges Bank purchased a new stake in shares of Beazer Homes USA during the 4th quarter worth about $3,401,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com upgraded Beazer Homes USA from a "sell" rating to a "hold" rating in a report on Friday, March 29th. Wedbush boosted their target price on Beazer Homes USA from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, February 2nd.

Beazer Homes USA Stock Down 0.5 %

Shares of BZH traded down $0.14 during trading on Friday, reaching $30.86. The company's stock had a trading volume of 485,819 shares, compared to its average volume of 315,576. The company has a fifty day moving average of $30.67 and a two-hundred day moving average of $28.99. Beazer Homes USA, Inc. has a twelve month low of $15.47 and a twelve month high of $35.93. The company has a market cap of $973.63 million, a price-to-earnings ratio of 6.11 and a beta of 2.24. The company has a quick ratio of 1.32, a current ratio of 13.95 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.01). The firm had revenue of $386.80 million for the quarter, compared to analyst estimates of $420.71 million. Beazer Homes USA had a net margin of 7.26% and a return on equity of 14.09%. The business's revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. On average, sell-side analysts predict that Beazer Homes USA, Inc. will post 4.66 EPS for the current fiscal year.

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.