Proficio Capital Partners LLC Acquires New Stake in Beazer Homes USA, Inc. (NYSE:BZH)

Proficio Capital Partners LLC purchased a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,066 shares of the construction company’s stock, valued at approximately $304,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BZH. Focus Financial Network Inc. bought a new stake in Beazer Homes USA in the fourth quarter worth approximately $275,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Beazer Homes USA during the third quarter worth approximately $1,370,000. Ritholtz Wealth Management raised its holdings in shares of Beazer Homes USA by 26.4% in the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company’s stock worth $689,000 after acquiring an additional 5,235 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Beazer Homes USA in the third quarter valued at approximately $910,000. Finally, Barclays PLC boosted its holdings in Beazer Homes USA by 26.3% during the 3rd quarter. Barclays PLC now owns 190,741 shares of the construction company’s stock worth $6,516,000 after acquiring an additional 39,752 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed an “outperform” rating and issued a $45.00 target price on shares of Beazer Homes USA in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Stock Down 0.8 %

Beazer Homes USA stock opened at $21.48 on Thursday. The firm has a 50 day moving average price of $23.81 and a 200-day moving average price of $28.81. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. Beazer Homes USA, Inc. has a twelve month low of $20.66 and a twelve month high of $38.22. The company has a market capitalization of $670.24 million, a P/E ratio of 5.47, a P/E/G ratio of 0.35 and a beta of 2.26.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. As a group, equities analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Beazer Homes USA Company 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.