Shares are trading at $20.98 significantly higher than the 50 day moving average of $18.77 and which is impressively higher than the 200 day moving average of $15.09. The 50 day moving average went up by +11.78% whereas the 200 day average was up by +39.00%. (NYSE:BZH) shares saw heavy trading volume with 526K shares changing hands on Tuesday. Trading volume was up 52.59% over the stocks average daily volume.
Traders are more bullish on shares of Beazer Homes USA, Inc. of late if you consider the decrease in short interest. The firm had a fall in short interest from September 29, 2017 to October 13, 2017 of -6.63%. Short shares decreased 89,024 over that period. The short-interest ratio increased to 4.0 and the percentage of shorted shares is 0.04% as of October 13.
These firms have modified their investment in BZH. Strs Ohio downsized its investment by selling 11,000 shares a decrease of 21.1% from 06/30/2017 to 09/30/2017. Strs Ohio now holds 41,100 shares with a value of $770,000. The value of the position overall is up by 7.8%. As of the end of the quarter Nationwide Fund Advisors had bought a total of 34,502 shares growing its stake by 26.1%. The value of the total investment in Beazer Homes USA, Inc. increased from $1,815,000 to $3,125,000 increasing 72.2% quarter over quarter.
Aperio Group, LLC trimmed its ownership by shedding 200 shares a decrease of 0.8% in the quarter. Aperio Group, LLC currently owns 25,784 shares worth $483,000. The total value of its holdings increased 35.3%. State Of New Jersey Common Pension Fund D divested its holdings by shedding 100,000 shares a decrease of 11.1%. State Of New Jersey Common Pension Fund D claims 800,000 shares valued at $14,992,000. The total value of its holdings increased 21.4%.
On August 8, 2017 the stock rating was changed to “Neutral” in a report from Wedbush down from the previous “Neutral” rating. On September 14 the stock rating was upgraded from “Neutral” to “Overweight” with a current price target of $21.00 in a statement from JP Morgan.
JP Morgan upgraded the stock and raised the price target on September 14 boosting the price target from $14.00 to $21.00 and raising the rating from “Neutral” to “Overweight”.
In the latest earnings report the EPS was $-0.09 and is projected to be $0.79 for the current year with 31,971,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.02 and the next full year EPS is anticipated to be $1.27.
Beazer Homes USA, Inc., launched on November 24, 1993, 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 Business’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..