Zurcher Kantonalbank Zurich Cantonalbank Raises Position in Beazer Homes USA, Inc. (NYSE:BZH)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Beazer Homes USA, Inc. (NYSE:BZH) by 68.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,920 shares of the construction company’s stock after purchasing an additional 2,812 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Beazer Homes USA were worth $234,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. BluePath Capital Management LLC purchased a new stake in Beazer Homes USA in the 3rd quarter valued at approximately $31,000. Edmonds Duncan Registered Investment Advisors LLC acquired a new position in shares of Beazer Homes USA in the fourth quarter worth $217,000. Harbor Capital Advisors Inc. lifted its position in shares of Beazer Homes USA by 27.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 6,857 shares of the construction company’s stock valued at $232,000 after acquiring an additional 1,494 shares in the last quarter. Raymond James & Associates acquired a new stake in shares of Beazer Homes USA during the fourth quarter valued at $270,000. Finally, Dark Forest Capital Management LP increased its position in Beazer Homes USA by 19.8% during the 3rd quarter. Dark Forest Capital Management LP now owns 8,729 shares of the construction company’s stock worth $217,000 after purchasing an additional 1,442 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BZH has been the topic of a number of recent research reports. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Friday. Wedbush restated a “neutral” rating and set a $33.00 price objective on shares of Beazer Homes USA in a report on Thursday, May 2nd.

Beazer Homes USA Stock Up 2.3 %

Shares of NYSE:BZH opened at $28.34 on Tuesday. The stock has a market capitalization of $894.13 million, a P/E ratio of 5.47 and a beta of 2.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 13.50. Beazer Homes USA, Inc. has a 1 year low of $20.04 and a 1 year high of $35.93. The stock has a 50-day simple moving average of $29.74 and a 200-day simple moving average of $29.63.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.35. The firm had revenue of $541.50 million during the quarter, compared to analysts’ expectations of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $1.13 EPS. Equities analysts forecast that Beazer Homes USA, Inc. will post 4.61 earnings per share 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.