Investors Purchase High Volume of Call Options on Beazer Homes USA (NYSE:BZH)

Beazer Homes USA, Inc. (NYSE:BZH) saw unusually large options trading activity on Wednesday. Stock investors purchased 8,003 call options on the stock. This is an increase of approximately 3,014% compared to the average daily volume of 257 call options.

Hedge funds have recently made changes to their positions in the business. Quantamental Technologies LLC acquired a new stake in Beazer Homes USA in the fourth quarter valued at $26,000. Meeder Asset Management Inc. acquired a new stake in Beazer Homes USA in the first quarter valued at $55,000. BNP Paribas Arbitrage SA lifted its stake in Beazer Homes USA by 152.6% in the first quarter. BNP Paribas Arbitrage SA now owns 6,284 shares of the construction company’s stock valued at $72,000 after acquiring an additional 3,796 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Beazer Homes USA by 405.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,547 shares of the construction company’s stock valued at $100,000 after acquiring an additional 8,460 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Beazer Homes USA in the fourth quarter valued at $105,000. Hedge funds and other institutional investors own 84.94% of the company’s stock.

BZH traded down $0.42 during trading hours on Friday, hitting $9.71. 485,095 shares of the company’s stock were exchanged, compared to its average volume of 430,593. Beazer Homes USA has a 1-year low of $8.16 and a 1-year high of $16.08. The stock has a market capitalization of $327.48 million, a price-to-earnings ratio of 4.88 and a beta of 2.53. The company has a current ratio of 13.97, a quick ratio of 0.93 and a debt-to-equity ratio of 2.46.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.15. The business had revenue of $421.30 million during the quarter, compared to analysts’ expectations of $402.98 million. Beazer Homes USA had a negative net margin of 0.93% and a positive return on equity of 10.34%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. As a group, research analysts predict that Beazer Homes USA will post 1.42 earnings per share for the current fiscal year.

BZH has been the subject of several recent research reports. ValuEngine cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Monday, April 1st. TheStreet upgraded shares of Beazer Homes USA from a “d+” rating to a “c-” rating in a report on Monday, April 22nd. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Tuesday, May 7th. Finally, Wedbush restated an “outperform” rating and set a $17.00 target price on shares of Beazer Homes USA in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.25.

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About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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