M/I Homes, Inc. (MHO) Holdings Raised by Teachers Advisors LLC
Teachers Advisors LLC boosted its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 2.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 291,714 shares of the construction company’s stock after purchasing an additional 6,653 shares during the quarter. Teachers Advisors LLC owned about 1.16% of M/I Homes worth $8,328,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in MHO. BlackRock Inc. lifted its holdings in shares of M/I Homes by 20,864.8% during the first quarter. BlackRock Inc. now owns 3,583,086 shares of the construction company’s stock worth $87,785,000 after buying an additional 3,565,995 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of M/I Homes by 16.9% during the first quarter. Vanguard Group Inc. now owns 1,354,514 shares of the construction company’s stock worth $33,185,000 after buying an additional 195,533 shares during the last quarter. State Street Corp lifted its holdings in shares of M/I Homes by 1.6% during the first quarter. State Street Corp now owns 726,435 shares of the construction company’s stock worth $17,797,000 after buying an additional 11,747 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of M/I Homes by 11.9% during the second quarter. Royce & Associates LP now owns 577,500 shares of the construction company’s stock worth $16,488,000 after buying an additional 61,400 shares during the last quarter. Finally, ClariVest Asset Management LLC lifted its holdings in shares of M/I Homes by 37.8% during the second quarter. ClariVest Asset Management LLC now owns 464,836 shares of the construction company’s stock worth $13,271,000 after buying an additional 127,514 shares during the last quarter.
M/I Homes, Inc. (NYSE:MHO) opened at 27.99 on Friday. The firm has a market capitalization of $702.66 million, a price-to-earnings ratio of 13.24 and a beta of 1.09. The stock’s 50 day moving average price is $25.31 and its 200-day moving average price is $26.42. M/I Homes, Inc. has a one year low of $20.40 and a one year high of $29.42.
M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, July 26th. The construction company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $456.56 million. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities research analysts expect that M/I Homes, Inc. will post $2.97 EPS for the current fiscal year.
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A number of research analysts have recently commented on MHO shares. Zacks Investment Research upgraded M/I Homes from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Saturday, July 29th. BidaskClub lowered M/I Homes from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. JMP Securities upgraded M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, July 31st. They noted that the move was a valuation call. Finally, ValuEngine lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus 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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