Bailard Inc. Has $674,000 Stake in M/I Homes, Inc. (NYSE:MHO)

Bailard Inc. boosted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 11.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,900 shares of the construction company’s stock after purchasing an additional 600 shares during the period. Bailard Inc.’s holdings in M/I Homes were worth $674,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in M/I Homes by 38.3% in the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock valued at $43,000 after buying an additional 105 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of M/I Homes during the 4th quarter worth approximately $50,000. GAMMA Investing LLC grew its position in M/I Homes by 57.6% in the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company’s stock valued at $105,000 after purchasing an additional 336 shares during the period. National Bank of Canada FI grew its position in M/I Homes by 72.4% in the 4th quarter. National Bank of Canada FI now owns 855 shares of the construction company’s stock valued at $114,000 after purchasing an additional 359 shares during the period. Finally, CWM LLC boosted its holdings in M/I Homes by 75.2% during the 1st quarter. CWM LLC now owns 1,284 shares of the construction company’s stock worth $147,000 after acquiring an additional 551 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen cut M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday, April 25th. Raymond James Financial lowered their target price on M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, April 29th.

M/I Homes Stock Down 1.4%

MHO stock opened at $114.21 on Friday. The company has a quick ratio of 1.79, a current ratio of 7.43 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.06 billion, a PE ratio of 6.04 and a beta of 1.64. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The stock has a 50-day simple moving average of $111.00 and a two-hundred day simple moving average of $115.72.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a return on equity of 18.62% and a net margin of 12.11%. The business had revenue of $976.09 million for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the firm posted $4.78 EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.