Short Interest in Beazer Homes USA, Inc. (NYSE:BZH) Declines By 18.3%

Beazer Homes USA, Inc. (NYSE:BZH) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 1,650,000 shares, a drop of 18.3% from the June 15th total of 2,020,000 shares. Based on an average daily volume of 761,700 shares, the days-to-cover ratio is currently 2.2 days. Currently, 5.7% of the shares of the stock are sold short.

Several brokerages have recently issued reports on BZH. Wedbush lowered their price target on Beazer Homes USA from $16.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Zacks Investment Research cut Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, TheStreet cut Beazer Homes USA from a “c-” rating to a “d+” rating in a research report on Monday, March 16th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Beazer Homes USA by 11.5% during the 1st quarter. BlackRock Inc. now owns 2,789,108 shares of the construction company’s stock worth $17,961,000 after buying an additional 288,047 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in Beazer Homes USA by 11.3% in the first quarter. Donald Smith & CO. Inc. now owns 2,614,685 shares of the construction company’s stock valued at $16,839,000 after buying an additional 266,060 shares in the last quarter. Towle & Co. lifted its holdings in shares of Beazer Homes USA by 15.5% during the first quarter. Towle & Co. now owns 2,522,243 shares of the construction company’s stock worth $16,243,000 after purchasing an additional 337,710 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Beazer Homes USA by 27.0% during the first quarter. Acadian Asset Management LLC now owns 1,080,117 shares of the construction company’s stock worth $6,956,000 after purchasing an additional 229,662 shares during the period. Finally, FMR LLC acquired a new position in shares of Beazer Homes USA during the first quarter worth $10,786,000. 82.49% of the stock is owned by institutional investors and hedge funds.

Shares of BZH traded down $0.16 during trading hours on Tuesday, hitting $9.95. 6,299 shares of the company were exchanged, compared to its average volume of 415,564. The company has a market capitalization of $303.14 million, a PE ratio of 11.08 and a beta of 2.40. The company has a debt-to-equity ratio of 2.61, a current ratio of 14.12 and a quick ratio of 2.49. The firm has a fifty day simple moving average of $9.79 and a 200-day simple moving average of $10.53. Beazer Homes USA has a one year low of $4.39 and a one year high of $17.23.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $489.41 million during the quarter, compared to analyst estimates of $480.90 million. Beazer Homes USA had a return on equity of 9.74% and a net margin of 1.26%. During the same period last year, the company posted ($3.28) EPS. Sell-side analysts expect that Beazer Homes USA will post 0.7 EPS for the current year.

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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