Today The JPMorgan Chase & Co. Raises Position in Beazer Homes USA, Inc. (BZH)

Today The JPMorgan Chase & Co. Raises Position in Beazer Homes USA, Inc. (BZH)

JPMorgan Chase & Co. raised its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 24,025.9% during the third quarter, Holdings Channel reports. The firm owned 138,000 shares of the company’s stock after buying an additional 137,428 shares during the period. JPMorgan Chase & Co. owned 0.43% of Beazer Homes USA worth $1,609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Beazer Homes USA by 503.7% in the second quarter. BlackRock Inc. now owns 13,729 shares of the company’s stock worth $107,000 after buying an additional 11,455 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Beazer Homes USA during the third quarter worth $170,000. Neuberger Berman Group LLC acquired a new position in shares of Beazer Homes USA during the second quarter worth $126,000. First Trust Advisors LP acquired a new position in shares of Beazer Homes USA during the third quarter worth $210,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Beazer Homes USA by 8.1% in the third quarter. UBS Asset Management Americas Inc. now owns 22,799 shares of the company’s stock worth $266,000 after buying an additional 1,700 shares during the period. Hedge funds and other institutional investors own 84.22% of the company’s stock.

Beazer Homes USA, Inc. (NYSE:BZH) traded up 2.487% on Wednesday, reaching $14.215. 410,009 shares of the company’s stock traded hands. The stock has a 50-day moving average of $13.75 and a 200 day moving average of $11.59. The firm has a market capitalization of $452.25 million, a P/E ratio of 98.715 and a beta of 3.00. Beazer Homes USA, Inc. has a 52 week low of $6.07 and a 52 week high of $15.80.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Tuesday, November 15th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.70. The company had revenue of $632.10 million for the quarter, compared to analysts’ expectations of $637.02 million. Beazer Homes USA had a return on equity of 3.83% and a net margin of 0.26%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. On average, equities analysts expect that Beazer Homes USA, Inc. will post $0.96 EPS for the current fiscal year.

A number of brokerages recently weighed in on BZH. Zacks Investment Research cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Tuesday. Wedbush began coverage on shares of Beazer Homes USA in a report on Monday, December 5th. They issued a “neutral” rating and a $15.00 price objective for the company. Finally, FBN Securities cut shares of Beazer Homes USA from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $13.50 to $11.50 in a report on Monday, October 10th.

In other Beazer Homes USA news, Director Brian C. Beazer purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were purchased at an average price of $12.48 per share, for a total transaction of $62,400.00. Following the completion of the acquisition, the director now owns 69,015 shares of the company’s stock, valued at approximately $861,307.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian C. Beazer purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was acquired at an average price of $12.99 per share, for a total transaction of $38,970.00. Following the acquisition, the director now directly owns 69,015 shares of the company’s stock, valued at approximately $896,504.85. The disclosure for this purchase can be found here. Corporate insiders own 7.60% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.

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