Schwab Charles Investment Management Inc. raised its stake in M/I Homes Inc (NYSE:MHO) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 155,845 shares of the construction company’s stock after buying an additional 7,794 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.57% of M/I Homes worth $4,166,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC raised its holdings in shares of M/I Homes by 48.7% in the third quarter. Campbell & CO Investment Adviser LLC now owns 12,828 shares of the construction company’s stock valued at $343,000 after purchasing an additional 4,199 shares during the last quarter. Nordea Investment Management AB raised its holdings 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 valued at $6,100,000 after purchasing an additional 10,400 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of M/I Homes by 43.4% in the third quarter. Donald Smith & CO. Inc. now owns 2,338,617 shares of the construction company’s stock valued at $62,511,000 after purchasing an additional 708,186 shares during the last quarter. Icon Advisers Inc. Co. raised its holdings in shares of M/I Homes by 97.1% in the third quarter. Icon Advisers Inc. Co. now owns 40,200 shares of the construction company’s stock valued at $1,075,000 after purchasing an additional 19,800 shares during the last quarter. Finally, Cortina Asset Management LLC raised its holdings in shares of M/I Homes by 96.6% in the third quarter. Cortina Asset Management LLC now owns 189,669 shares of the construction company’s stock valued at $5,070,000 after purchasing an additional 93,195 shares during the last quarter. 96.17% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on MHO shares. ValuEngine upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of M/I Homes from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday, January 5th. TheStreet downgraded shares of M/I Homes from a “b-” rating to a “c+” rating in a report on Thursday, December 28th. JMP Securities set a $38.00 price objective on shares of M/I Homes and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Wedbush lifted their price objective on shares of M/I Homes from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, December 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $40.00.
Shares of M/I Homes Inc (MHO) traded down $0.29 on Friday, reaching $31.85. 363,325 shares of the company were exchanged, compared to its average volume of 269,968. The firm has a market capitalization of $884.51, a P/E ratio of 14.03 and a beta of 1.21. M/I Homes Inc has a fifty-two week low of $22.91 and a fifty-two week high of $37.41. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 5.61.
M/I Homes (NYSE:MHO) last issued its earnings results on Thursday, February 1st. The construction company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06). The firm had revenue of $621.00 million for the quarter, compared to analyst estimates of $589.11 million. M/I Homes had a return on equity of 12.66% and a net margin of 3.56%. M/I Homes’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. analysts predict that M/I Homes Inc will post 4.08 earnings per share 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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