Foundry Partners LLC Has $9.10 Million Stake in M/I Homes, Inc. (MHO)
Foundry Partners LLC increased its position in M/I Homes, Inc. (NYSE:MHO) by 17.1% during the second quarter, Holdings Channel reports. The institutional investor owned 318,621 shares of the construction company’s stock after buying an additional 46,496 shares during the period. Foundry Partners LLC’s holdings in M/I Homes were worth $9,097,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of MHO. BlackRock Inc. boosted its stake in shares of M/I Homes by 20,864.8% in the first quarter. BlackRock Inc. now owns 3,583,086 shares of the construction company’s stock worth $87,785,000 after buying an additional 3,565,995 shares in the last quarter. Kennedy Capital Management Inc. bought a new stake in shares of M/I Homes during the first quarter worth approximately $6,565,000. Teachers Advisors LLC boosted its stake in shares of M/I Homes by 665.7% in the fourth quarter. Teachers Advisors LLC now owns 284,099 shares of the construction company’s stock worth $7,154,000 after buying an additional 246,998 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of M/I Homes by 16.9% in the first quarter. Vanguard Group Inc. now owns 1,354,514 shares of the construction company’s stock worth $33,185,000 after buying an additional 195,533 shares in the last quarter. Finally, Brookfield Asset Management Inc. bought a new stake in shares of M/I Homes during the first quarter worth approximately $3,979,000.
M/I Homes, Inc. (NYSE MHO) opened at 25.17 on Friday. The company has a 50-day moving average price of $27.10 and a 200 day moving average price of $26.15. M/I Homes, Inc. has a 52-week low of $20.40 and a 52-week high of $29.42. The company has a market capitalization of $631.87 million, a PE ratio of 11.91 and a beta of 1.09.
M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The company had revenue of $456.87 million for the quarter, compared to analyst estimates of $456.56 million. M/I Homes had a net margin of 3.57% and a return on equity of 12.99%. M/I Homes’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Equities research analysts anticipate that M/I Homes, Inc. will post $3.00 earnings per share for the current year.
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MHO has been the topic of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $27.00 price target on shares of M/I Homes in a research report on Wednesday, April 26th. ValuEngine raised M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Zacks Investment Research cut M/I Homes from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub cut M/I Homes from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, JMP Securities raised M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock 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, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $31.00.
M/I Homes Company 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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