Donald Smith & Co. Takes 2.5M Share Stake in Beazer Homes
Ticker: BZH · Form: SC 13G · Filed: Feb 5, 2024 · CIK: 915840
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, homebuilder, SC-13G
TL;DR
**Donald Smith & Co. just disclosed a 2.5M share position in Beazer Homes, signaling institutional confidence.**
AI Summary
Donald Smith & Co., Inc., a Delaware corporation, has reported a significant stake in Beazer Homes USA, Inc. As of December 31, 2023, Donald Smith & Co. holds sole voting power over 2,524,435 shares of Beazer Homes' common stock. This filing indicates that a major institutional investor sees value in Beazer Homes, which could signal confidence in the homebuilder's future performance and potentially attract other investors, impacting the stock price positively.
Why It Matters
This filing reveals a large institutional investor's confidence in Beazer Homes, which can influence market perception and potentially drive demand for the stock.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, generally viewed as a positive signal, thus presenting a low risk.
Analyst Insight
A smart investor would research Beazer Homes USA, Inc.'s fundamentals and recent performance to understand why Donald Smith & Co., Inc. made this significant investment, potentially considering it as a positive signal for their own investment decisions.
Key Numbers
- 2,524,435 — Shares with Sole Voting Power (Represents the number of Beazer Homes shares Donald Smith & Co., Inc. controls.)
- 07556Q881 — CUSIP Number (Unique identifier for Beazer Homes USA, Inc. common stock.)
Key Players & Entities
- Donald Smith & Co., Inc. (company) — the reporting person and institutional investor
- Beazer Homes USA, Inc. (company) — the subject company, an operative builder
- 2,524,435 shares (dollar_amount) — the number of shares Donald Smith & Co. has sole voting power over
- December 31, 2023 (dollar_amount) — the date of the event requiring the filing
Forward-Looking Statements
- Other institutional investors may increase their positions in Beazer Homes USA, Inc. (Beazer Homes USA, Inc.) — medium confidence, target: Q2 2024
- Beazer Homes USA, Inc.'s stock price could see a positive bump due to increased institutional confidence. (Beazer Homes USA, Inc.) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Donald Smith & Co., Inc., a Delaware Corporation with IRS Identification Number 13-2807845, located at 152 W. 57th Street, 22nd Floor, New York, NY 10019.
What is the subject company of this filing?
The subject company is Beazer Homes USA, Inc., an operative builder (SIC 1531) with CIK 0000915840, located at 2002 Summit Blvd NE, 15th Floor, Atlanta, GA 30319.
As of what date did the event requiring this filing occur?
The event requiring this filing occurred on December 31, 2023.
How many shares of Beazer Homes USA, Inc. common stock does Donald Smith & Co., Inc. have sole voting power over?
Donald Smith & Co., Inc. has sole voting power over 2,524,435 shares of Beazer Homes USA, Inc. common stock.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 5, 2024 regarding BEAZER HOMES USA INC (BZH).