Parametric Portfolio Associates LLC raised its position in shares of M/I Homes, Inc. (NYSE:MHO) by 53.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,187 shares of the construction company’s stock after purchasing an additional 21,217 shares during the quarter. Parametric Portfolio Associates LLC owned 0.24% of M/I Homes worth $1,747,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in M/I Homes during the 1st quarter valued at about $104,000. Bank of Montreal Can grew its stake in M/I Homes by 111.8% during the 2nd quarter. Bank of Montreal Can now owns 4,815 shares of the construction company’s stock valued at $137,000 after purchasing an additional 2,542 shares during the last quarter. State of Alaska Department of Revenue grew its stake in M/I Homes by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,894 shares of the construction company’s stock valued at $139,000 after purchasing an additional 2,164 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in M/I Homes during the 2nd quarter valued at about $201,000. Finally, Cim Investment Mangement Inc. purchased a new stake in M/I Homes during the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 95.63% of the company’s stock.
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Several analysts have weighed in on the company. ValuEngine upgraded M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 31st. BidaskClub upgraded M/I Homes from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded M/I Homes from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, September 26th. Finally, JMP Securities set a $38.00 price target on M/I Homes and gave the company a “buy” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. M/I Homes has an average rating of “Buy” and a consensus price target of $34.00.
In other news, CEO Robert H. Schottenstein sold 15,800 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $31.90, for a total value of $504,020.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Phillip G. Creek sold 25,400 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $32.08, for a total value of $814,832.00. Following the completion of the transaction, the insider now directly owns 60,971 shares of the company’s stock, valued at approximately $1,955,949.68. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.
M/I Homes, Inc. (NYSE MHO) opened at $33.37 on Friday. The stock has a market capitalization of $918.38, a PE ratio of 12.55 and a beta of 1.27. The company has a quick ratio of 0.87, a current ratio of 6.46 and a debt-to-equity ratio of 1.00. M/I Homes, Inc. has a fifty-two week low of $21.36 and a fifty-two week high of $34.38.
M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). The company had revenue of $476.40 million during the quarter, compared to analyst estimates of $475.42 million. M/I Homes had a net margin of 4.00% and a return on equity of 12.31%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. sell-side analysts expect that M/I Homes, Inc. will post 2.76 earnings per share for the current year.
About M/I Homes
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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