Balyasny Asset Management LLC lifted its position in M/I Homes, Inc. (NYSE:MHO) by 180.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,000 shares of the construction company’s stock after acquiring an additional 45,000 shares during the period. Balyasny Asset Management LLC owned about 0.28% of M/I Homes worth $1,999,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in MHO. SG Americas Securities LLC purchased a new position in shares of M/I Homes in the first quarter worth approximately $104,000. Bank of Montreal Can increased its position in shares of M/I Homes by 111.8% in the second quarter. Bank of Montreal Can now owns 4,815 shares of the construction company’s stock worth $137,000 after acquiring an additional 2,542 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of M/I Homes by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 4,894 shares of the construction company’s stock worth $139,000 after acquiring an additional 2,164 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of M/I Homes by 7.4% in the first quarter. Mason Street Advisors LLC now owns 5,790 shares of the construction company’s stock worth $142,000 after acquiring an additional 399 shares in the last quarter. Finally, Neuberger Berman Group LLC purchased a new position in shares of M/I Homes in the second quarter worth approximately $201,000.
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M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, July 26th. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $456.87 million for the quarter, compared to the consensus estimate of $456.56 million. M/I Homes had a net margin of 3.57% and a return on equity of 12.99%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS.
Several research firms have recently weighed in on MHO. BidaskClub downgraded shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. ValuEngine downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. JMP Securities raised shares of M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, July 31st. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of M/I Homes from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Saturday, July 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $30.67.
M/I Homes Profile
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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