Assenagon Asset Management S.A. Increases Position in M/I Homes, Inc. $MHO

Assenagon Asset Management S.A. increased its position in M/I Homes, Inc. (NYSE:MHO) by 7.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 115,663 shares of the construction company’s stock after buying an additional 7,801 shares during the quarter. Assenagon Asset Management S.A.’s holdings in M/I Homes were worth $14,163,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MHO. Intech Investment Management LLC raised its holdings in M/I Homes by 0.5% during the fourth quarter. Intech Investment Management LLC now owns 14,883 shares of the construction company’s stock valued at $1,904,000 after acquiring an additional 72 shares during the period. Corient Private Wealth LLC grew its position in shares of M/I Homes by 2.0% during the fourth quarter. Corient Private Wealth LLC now owns 3,891 shares of the construction company’s stock worth $498,000 after purchasing an additional 76 shares in the last quarter. WealthCollab LLC raised its stake in M/I Homes by 16.5% during the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after purchasing an additional 87 shares during the period. Private Advisor Group LLC raised its stake in M/I Homes by 3.0% during the 3rd quarter. Private Advisor Group LLC now owns 3,027 shares of the construction company’s stock valued at $437,000 after purchasing an additional 89 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in M/I Homes by 0.7% in the 4th quarter. State of Alaska Department of Revenue now owns 14,839 shares of the construction company’s stock worth $1,897,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Performance

NYSE:MHO opened at $162.52 on Friday. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 12.24 and a beta of 1.62. M/I Homes, Inc. has a 1 year low of $110.94 and a 1 year high of $163.66. The stock’s 50 day simple moving average is $135.48 and its two-hundred day simple moving average is $133.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, April 22nd. The construction company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The firm had revenue of $920.71 million for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $3.98 earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that M/I Homes, Inc. will post 12.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on MHO. Seaport Research Partners restated a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. Freedom Capital raised shares of M/I Homes to a “strong-buy” rating in a report on Wednesday. Finally, Zacks Research lowered shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.