Alliancebernstein L.P. continued to hold its stake in shares of M/I Homes, Inc. (NYSE:MHO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,000 shares of the construction company’s stock at the close of the second quarter. Alliancebernstein L.P. owned about 0.11% of M/I Homes worth $799,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in MHO. Russell Investments Group Ltd. raised its position in shares of M/I Homes by 74.4% in the 1st quarter. Russell Investments Group Ltd. now owns 21,081 shares of the construction company’s stock worth $516,000 after acquiring an additional 8,990 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of M/I Homes by 15.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 39,970 shares of the construction company’s stock worth $979,000 after buying an additional 5,491 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of M/I Homes in the 1st quarter worth approximately $104,000. Arizona State Retirement System grew its stake in shares of M/I Homes by 1.6% in the 1st quarter. Arizona State Retirement System now owns 12,875 shares of the construction company’s stock worth $315,000 after buying an additional 200 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its stake in shares of M/I Homes by 23.1% in the 1st quarter. OppenheimerFunds Inc. now owns 50,089 shares of the construction company’s stock worth $1,227,000 after buying an additional 9,399 shares during the last quarter.
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MHO has been the topic of several recent research reports. Zacks Investment Research upgraded M/I Homes from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Saturday, July 29th. BidaskClub downgraded M/I Homes from a “buy” rating to a “hold” rating in a research note 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 on the stock in a research note on Monday, July 31st. They noted that the move was a valuation call. Finally, ValuEngine downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. M/I Homes has an average rating of “Buy” and a consensus target price of $34.00.
Shares of M/I Homes, Inc. (NYSE MHO) opened at 32.91 on Tuesday. M/I Homes, Inc. has a 1-year low of $20.40 and a 1-year high of $33.49. The stock has a market cap of $826.17 million, a P/E ratio of 15.57 and a beta of 1.09. The company has a 50 day moving average price of $27.41 and a 200 day moving average price of $27.06.
M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The business had revenue of $476.40 million during the quarter, compared to the consensus estimate of $475.42 million. M/I Homes had a return on equity of 12.31% and a net margin of 4.00%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. On average, equities analysts anticipate that M/I Homes, Inc. will post $2.86 EPS for the current year.
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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