Hotchkis and Wiley Capital Management, an investment advisor, has upped its stake in Beazer Homes USA to 10.9 percent, becoming the third largest institutional investor in the company, according to SEC filings and the company's website investor list.

Hotchkis and Wiley now owns 4,251,808 of the company's common shares, according to a 13G filing Monday (Sept. 10) with the SEC. On June 30, Hotchkis and Wiley owned 1,482,008 shares, or 3.79 percent of the company's stock, according to Yahoo

Other institutional investors that have increased their stake in the company in the past few months include: Legg Mason Capital Management, Moore Capital Management, and Citadel Investment Group,

Beazer's stock price has fallen from $24.67 on June 30 to $9.50 at market close Sept. 7 as the company has struggled to deal not only with a sinking market but with an Federal investigation, SEC investigation, and lawsuits by shareholders in the wake of Charlotte Observer series that brought up charges that the company falsified mortgage documents, enabling buyers to get into homes they couldn't afford that were later foreclosed on.