State of Tennessee Treasury Department grew its stake in M/I Homes, Inc. (NYSE:MHO – Get Rating) by 18.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,801 shares of the construction company's stock after buying an additional 3,058 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.07% of M/I Homes worth $878,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Byrne Asset Management LLC bought a new position in shares of M/I Homes in the fourth quarter worth about $26,000. Fieldpoint Private Securities LLC boosted its stake in shares of M/I Homes by 62.2% in the first quarter. Fieldpoint Private Securities LLC now owns 665 shares of the construction company's stock worth $29,000 after acquiring an additional 255 shares during the period. Column Capital Advisors LLC boosted its stake in shares of M/I Homes by 282.3% in the first quarter. Column Capital Advisors LLC now owns 2,684 shares of the construction company's stock worth $119,000 after acquiring an additional 1,982 shares during the period. Lazard Asset Management LLC boosted its stake in shares of M/I Homes by 9.2% in the fourth quarter. Lazard Asset Management LLC now owns 2,798 shares of the construction company's stock worth $173,000 after acquiring an additional 235 shares during the period. Finally, Profund Advisors LLC bought a new position in shares of M/I Homes in the fourth quarter worth about $201,000. Hedge funds and other institutional investors own 91.21% of the company's stock.
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Separately, TheStreet lowered M/I Homes from a "b-" rating to a "c+" rating in a research note on Wednesday, July 6th.
M/I Homes Price Performance
Shares of M/I Homes stock opened at $41.99 on Friday. The stock has a 50 day moving average of $44.37 and a 200 day moving average of $45.12. M/I Homes, Inc. has a 12 month low of $34.33 and a 12 month high of $69.22. The firm has a market cap of $1.17 billion, a PE ratio of 2.92 and a beta of 1.89. The company has a current ratio of 4.62, a quick ratio of 0.55 and a debt-to-equity ratio of 0.49.M/I Homes (NYSE:MHO – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The construction company reported $4.79 EPS for the quarter, beating analysts' consensus estimates of $3.78 by $1.01. M/I Homes had a return on equity of 26.32% and a net margin of 11.23%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. On average, research analysts expect that M/I Homes, Inc. will post 16.45 EPS for the current fiscal year.
About M/I Homes
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M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family 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. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name.
Further Reading
- Get a free copy of the StockNews.com research report on M/I Homes (MHO)
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