Ghe LLC Raises Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Ghe LLC grew its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,937 shares of the construction company’s stock after buying an additional 6,371 shares during the quarter. Beazer Homes USA makes up 0.9% of Ghe LLC’s portfolio, making the stock its 23rd biggest holding. Ghe LLC’s holdings in Beazer Homes USA were worth $2,219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Innealta Capital LLC bought a new position in shares of Beazer Homes USA in the second quarter worth about $88,000. Harbor Capital Advisors Inc. boosted its stake in shares of Beazer Homes USA by 10.7% in the second quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company’s stock worth $274,000 after acquiring an additional 967 shares during the period. Creative Planning bought a new position in shares of Beazer Homes USA in the third quarter worth about $286,000. SG Americas Securities LLC boosted its stake in shares of Beazer Homes USA by 25.1% in the third quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company’s stock worth $343,000 after acquiring an additional 2,014 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Beazer Homes USA in the second quarter worth about $379,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BZH. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. B. Riley dropped their price target on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Finally, StockNews.com lowered Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.67.

Beazer Homes USA Trading Up 2.3 %

Shares of NYSE:BZH traded up $0.75 during trading on Wednesday, hitting $32.81. The company had a trading volume of 7,412 shares, compared to its average volume of 355,697. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 1.42 and a beta of 2.18. Beazer Homes USA, Inc. has a one year low of $25.48 and a one year high of $35.20. The company has a fifty day simple moving average of $32.31 and a two-hundred day simple moving average of $30.21. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92.

Beazer Homes USA 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.