M/I Homes Inc (MHO) Shares Bought by American International Group Inc.
American International Group Inc. increased its stake in M/I Homes Inc (NYSE:MHO) by 11.2% during the 4th quarter, Holdings Channel reports. The firm owned 21,179 shares of the construction company’s stock after purchasing an additional 2,136 shares during the quarter. American International Group Inc.’s holdings in M/I Homes were worth $729,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. KBC Group NV increased its position in shares of M/I Homes by 83.7% in the third quarter. KBC Group NV now owns 25,990 shares of the construction company’s stock worth $695,000 after purchasing an additional 11,843 shares during the last quarter. Nordea Investment Management AB increased its position in shares of M/I Homes by 4.8% in the third quarter. Nordea Investment Management AB now owns 228,200 shares of the construction company’s stock worth $6,100,000 after purchasing an additional 10,400 shares during the last quarter. SG Americas Securities LLC increased its position in shares of M/I Homes by 85.7% in the third quarter. SG Americas Securities LLC now owns 22,361 shares of the construction company’s stock worth $598,000 after purchasing an additional 10,321 shares during the last quarter. CAPROCK Group Inc. bought a new position in shares of M/I Homes in the fourth quarter worth approximately $260,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of M/I Homes by 5.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 155,845 shares of the construction company’s stock worth $4,166,000 after purchasing an additional 7,794 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.
Several research analysts recently weighed in on the stock. TheStreet cut shares of M/I Homes from a “b-” rating to a “c+” rating in a research report on Thursday, December 28th. ValuEngine upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th. Wedbush restated an “outperform” rating and issued a $41.00 price objective on shares of M/I Homes in a research report on Monday, March 5th. Finally, Zacks Investment Research cut shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.00.
M/I Homes (NYSE:MHO) last issued its earnings results on Thursday, February 1st. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). The firm had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $589.11 million. M/I Homes had a return on equity of 12.66% and a net margin of 3.56%. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. analysts anticipate that M/I Homes Inc will post 4.11 EPS for the current year.
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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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