Great Lakes Advisors LLC Has $450,000 Position in M/I Homes, Inc. $MHO

Great Lakes Advisors LLC reduced its holdings in M/I Homes, Inc. (NYSE:MHO) by 10.5% during the 1st quarter, HoldingsChannel reports. The firm owned 3,944 shares of the construction company’s stock after selling 462 shares during the quarter. Great Lakes Advisors LLC’s holdings in M/I Homes were worth $450,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp grew its position in shares of M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock valued at $43,000 after purchasing an additional 105 shares during the last quarter. Covestor Ltd grew its position in shares of M/I Homes by 134.8% in the first quarter. Covestor Ltd now owns 655 shares of the construction company’s stock valued at $75,000 after purchasing an additional 376 shares during the last quarter. GAMMA Investing LLC grew its position in shares of M/I Homes by 57.6% in the first quarter. GAMMA Investing LLC now owns 919 shares of the construction company’s stock valued at $105,000 after purchasing an additional 336 shares during the last quarter. National Bank of Canada FI grew its position in shares of M/I Homes by 36.1% in the first quarter. National Bank of Canada FI now owns 1,164 shares of the construction company’s stock valued at $133,000 after purchasing an additional 309 shares during the last quarter. Finally, CWM LLC grew its position in shares of M/I Homes by 75.2% in the first quarter. CWM LLC now owns 1,284 shares of the construction company’s stock valued at $147,000 after purchasing an additional 551 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Stock Down 1.6%

MHO stock opened at $154.42 on Friday. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The company has a market cap of $4.14 billion, a PE ratio of 8.48 and a beta of 1.66. The business’s 50-day simple moving average is $133.82 and its 200 day simple moving average is $118.90. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $4.43 by ($0.01). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.M/I Homes’s revenue was up 4.8% compared to the same quarter last year. On average, research analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zelman & Associates raised M/I Homes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, August 12th. Zacks Research raised M/I Homes to a “strong sell” rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, M/I Homes presently has a consensus rating of “Buy” and a consensus target price of $162.50.

M/I Homes Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.