Russell Investments Group Ltd. lifted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 32.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,996 shares of the construction company’s stock after purchasing an additional 6,915 shares during the period. Russell Investments Group Ltd. owned about 0.11% of M/I Homes worth $799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MHO. SG Americas Securities LLC acquired a new position in shares of M/I Homes during the first quarter worth $104,000. Bank of Montreal Can lifted its position in shares of M/I Homes by 111.8% during the second quarter. Bank of Montreal Can now owns 4,815 shares of the construction company’s stock worth $137,000 after purchasing an additional 2,542 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of M/I Homes by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 4,894 shares of the construction company’s stock worth $139,000 after purchasing an additional 2,164 shares in the last quarter. Mason Street Advisors LLC lifted its position in shares of M/I Homes by 7.4% during the first quarter. Mason Street Advisors LLC now owns 5,790 shares of the construction company’s stock worth $142,000 after purchasing an additional 399 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of M/I Homes during the first quarter worth $156,000.

A number of research analysts have recently commented on the stock. BidaskClub cut shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research cut shares of M/I Homes from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine raised shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, JMP Securities raised shares of M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, July 31st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $30.33.

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M/I Homes, Inc. (NYSE:MHO) traded up 0.08% during mid-day trading on Friday, reaching $24.93. 384,705 shares of the company traded hands. The company has a market capitalization of $625.84 million, a P/E ratio of 11.79 and a beta of 1.07. M/I Homes, Inc. has a 52-week low of $20.40 and a 52-week high of $29.42. The stock has a 50 day moving average price of $25.14 and a 200-day moving average price of $26.26.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. M/I Homes had a return on equity of 12.99% and a net margin of 3.57%. The company had revenue of $456.87 million for the quarter, compared to the consensus estimate of $456.56 million. During the same quarter last year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Analysts expect that M/I Homes, Inc. will post $3.00 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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