Mackenzie Financial Corp Sells 1,849 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Mackenzie Financial Corp reduced its position in Beazer Homes USA, Inc. (NYSE:BZH) by 11.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,237 shares of the construction company’s stock after selling 1,849 shares during the period. Mackenzie Financial Corp’s holdings in Beazer Homes USA were worth $481,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Beazer Homes USA by 31.2% in the third quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock valued at $54,677,000 after purchasing an additional 521,596 shares during the period. Invesco Ltd. lifted its position in shares of Beazer Homes USA by 152.0% during the third quarter. Invesco Ltd. now owns 485,318 shares of the construction company’s stock worth $12,089,000 after acquiring an additional 292,706 shares in the last quarter. Quantedge Capital Pte Ltd boosted its holdings in shares of Beazer Homes USA by 792.0% in the third quarter. Quantedge Capital Pte Ltd now owns 256,900 shares of the construction company’s stock worth $6,399,000 after acquiring an additional 228,100 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Beazer Homes USA by 3,734.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 200,802 shares of the construction company’s stock valued at $5,002,000 after purchasing an additional 195,565 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Beazer Homes USA by 34.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 743,501 shares of the construction company’s stock valued at $18,521,000 after purchasing an additional 190,985 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BZH has been the subject of a number of recent analyst reports. StockNews.com raised Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Wedbush upped their price target on shares of Beazer Homes USA from $32.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd.

Beazer Homes USA Trading Up 3.5 %

Shares of BZH opened at $28.46 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 13.95 and a quick ratio of 1.32. Beazer Homes USA, Inc. has a 1-year low of $16.70 and a 1-year high of $35.93. The company has a market capitalization of $897.91 million, a P/E ratio of 5.64 and a beta of 2.24. The firm’s 50 day simple moving average is $29.89 and its 200 day simple moving average is $29.36.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, February 1st. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.01). Beazer Homes USA had a return on equity of 14.09% and a net margin of 7.26%. The company had revenue of $386.80 million during the quarter, compared to analysts’ expectations of $420.71 million. During the same quarter last year, the firm posted $0.80 earnings per share. The firm’s revenue was down 13.1% on a year-over-year basis. Sell-side analysts forecast that Beazer Homes USA, Inc. will post 4.66 earnings per share for the current fiscal 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.