Hedge Funds Are Betting On Beazer Homes USA, Inc. (BZH)

With a general bullishness amongst the heavyweights, key money managers have jumped into Beazer Homes USA, Inc. (NYSE:BZH) headfirst. Balyasny Asset Management, led by Dmitry Balyasny, created the largest position in Beazer Homes USA, Inc. (NYSE:BZH). According to its latest 13F filing, the fund had $1.1 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $0.8 million investment in the stock during the quarter. The other funds with new positions in the stock are Ken Griffin’s Citadel Investment Group, Matthew Hulsizer’s PEAK6 Capital Management, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Beazer Homes USA, Inc. (NYSE:BZH) but similarly valued. We will take a look at Jones Energy Inc (NYSE:JONE), Territorial Bancorp Inc (NASDAQ:TBNK), Trecora Resources (NYSE:TREC), and Tucows Inc. (USA) (NYSEAMEX:TCX). This group of stocks’ market valuations are closest to BZH’s market valuation.

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $25 million. That figure was $87 million in BZH’s case. Jones Energy Inc (NYSE:JONE) is the most popular stock in this table. On the other hand Territorial Bancorp Inc (NASDAQ:TBNK) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Beazer Homes USA, Inc. (NYSE:BZH) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.