TIAA CREF Investment Management LLC raised its position in shares of M/I Homes, Inc. (NYSE:MHO) by 173.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,519 shares of the construction company’s stock after buying an additional 110,115 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.69% of M/I Homes worth $4,954,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of M/I Homes during the 1st quarter worth approximately $104,000. Bank of Montreal Can lifted its stake in shares of 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 worth $137,000 after acquiring an additional 2,542 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of 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 worth $139,000 after acquiring an additional 2,164 shares during the last quarter. Mason Street Advisors LLC lifted its stake in shares of M/I Homes by 7.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,790 shares of the construction company’s stock worth $142,000 after acquiring an additional 399 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in shares of M/I Homes during the 2nd quarter worth approximately $201,000.
Shares of M/I Homes, Inc. (MHO) traded down 0.398% on Friday, reaching $31.255. The company had a trading volume of 86,119 shares. M/I Homes, Inc. has a 12 month low of $20.40 and a 12 month high of $31.52. The firm has a market capitalization of $784.63 million, a PE ratio of 14.785 and a beta of 1.09. The firm’s 50 day moving average is $26.79 and its 200 day moving average is $26.88.
M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). M/I Homes had a net margin of 4.00% and a return on equity of 12.79%. The business had revenue of $476.40 million during the quarter, compared to analyst estimates of $475.42 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts expect that M/I Homes, Inc. will post $2.93 earnings per share for the current fiscal year.
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MHO has been the subject of a number of research analyst reports. BidaskClub lowered M/I Homes from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. ValuEngine lowered M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research raised M/I Homes from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Saturday, July 29th. Finally, JMP Securities raised M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Monday, July 31st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. M/I Homes presently has a consensus rating of “Hold” and an average price target of $34.00.
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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