M/I Homes, Inc. (MHO) Stake Maintained by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado continued to hold its position in M/I Homes, Inc. (NYSE:MHO) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,626 shares of the construction company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in M/I Homes were worth $332,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of MHO. BlackRock Inc. increased its position in 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 during the last quarter. Kennedy Capital Management Inc. acquired a new position in M/I Homes during the first quarter worth about $6,565,000. Teachers Advisors LLC increased its position in 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 during the last quarter. Vanguard Group Inc. increased its position in 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 during the last quarter. Finally, Brookfield Asset Management Inc. acquired a new position in M/I Homes during the first quarter worth about $3,979,000.
Shares of M/I Homes, Inc. (NYSE:MHO) opened at 24.25 on Wednesday. M/I Homes, Inc. has a 12-month low of $20.40 and a 12-month high of $29.42. The firm has a market cap of $608.77 million, a PE ratio of 11.47 and a beta of 1.09. The company has a 50 day moving average of $26.32 and a 200-day moving average of $26.16.
M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $456.87 million for the quarter, compared to analyst estimates of $456.56 million. M/I Homes had a return on equity of 12.99% and a net margin of 3.57%. M/I Homes’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Equities research analysts forecast that M/I Homes, Inc. will post $3.00 EPS for the current fiscal year.
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A number of research 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 research report on Friday, June 2nd. Zacks Investment Research upgraded shares of M/I Homes from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Saturday, July 29th. BidaskClub downgraded shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, JMP Securities upgraded shares of 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 report on Monday, July 31st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $30.33.
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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