Beazer Homes USA, Inc. (NYSE:BZH) Short Interest Update

Beazer Homes USA, Inc. (NYSE:BZH) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,818,200 shares, a growth of 11.3% from the May 15th total of 1,633,000 shares. Currently, 6.0% of the company’s stock are short sold. Based on an average trading volume of 478,200 shares, the short-interest ratio is currently 3.8 days.

NYSE BZH opened at $10.67 on Friday. The business’s fifty day simple moving average is $9.73. The company has a quick ratio of 0.93, a current ratio of 13.97 and a debt-to-equity ratio of 2.46. Beazer Homes USA has a fifty-two week low of $8.16 and a fifty-two week high of $15.78. The company has a market capitalization of $341.90 million, a PE ratio of 5.65 and a beta of 2.58.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.15. The company had revenue of $421.30 million during the quarter, compared to analysts’ expectations of $402.98 million. Beazer Homes USA had a positive return on equity of 10.34% and a negative net margin of 0.93%. Beazer Homes USA’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. On average, equities research analysts expect that Beazer Homes USA will post 1.42 earnings per share for the current year.

Several equities analysts have recently commented on the company. ValuEngine downgraded Whiting USA Trust II from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. Zacks Investment Research downgraded Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Wedbush reissued a “buy” rating and set a $36.00 price target on shares of Allena Pharmaceuticals in a research report on Tuesday, July 2nd. Finally, TheStreet raised Secureworks from a “d+” rating to a “c-” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.25.

In related news, insider Allan P. Merrill bought 5,192 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $9.63 per share, for a total transaction of $49,998.96. Following the completion of the acquisition, the insider now owns 537,127 shares of the company’s stock, valued at approximately $5,172,533.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royce & Associates LP grew its holdings in Beazer Homes USA by 4.0% during the 1st quarter. Royce & Associates LP now owns 1,186,291 shares of the construction company’s stock worth $13,654,000 after acquiring an additional 46,000 shares during the period. Brandes Investment Partners LP grew its holdings in Beazer Homes USA by 35.3% during the 4th quarter. Brandes Investment Partners LP now owns 999,019 shares of the construction company’s stock worth $9,471,000 after acquiring an additional 260,877 shares during the period. FMR LLC acquired a new stake in Beazer Homes USA during the 1st quarter worth about $10,786,000. Deutsche Bank AG grew its holdings in Beazer Homes USA by 218.3% during the 4th quarter. Deutsche Bank AG now owns 548,037 shares of the construction company’s stock worth $5,194,000 after acquiring an additional 375,866 shares during the period. Finally, Winslow Asset Management Inc. grew its holdings in Beazer Homes USA by 2.6% during the 1st quarter. Winslow Asset Management Inc. now owns 546,537 shares of the construction company’s stock worth $6,291,000 after acquiring an additional 13,955 shares during the period. Institutional investors and hedge funds own 81.56% of the company’s stock.

Beazer Homes USA Company Profile

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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