Quantamental Technologies LLC trimmed its stake in shares of M/I Homes Inc (NYSE:MHO) by 53.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,199 shares of the construction company’s stock after selling 1,400 shares during the quarter. Quantamental Technologies LLC’s holdings in M/I Homes were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MHO. Advisory Services Network LLC acquired a new stake in M/I Homes during the 2nd quarter worth approximately $25,000. Investors Research Corp acquired a new stake in shares of M/I Homes in the 2nd quarter valued at approximately $26,000. BNP Paribas Arbitrage SA lifted its holdings in shares of M/I Homes by 3,653.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,781 shares of the construction company’s stock valued at $154,000 after buying an additional 5,627 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of M/I Homes in the 1st quarter valued at approximately $212,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of M/I Homes by 1,968.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 7,569 shares of the construction company’s stock valued at $216,000 after buying an additional 7,203 shares during the period. 96.23% of the stock is owned by institutional investors.
Several analysts have recently commented on MHO shares. Zacks Investment Research raised M/I Homes from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Friday, July 26th. ValuEngine raised M/I Homes from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, TheStreet raised M/I Homes from a “c+” rating to a “b” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. M/I Homes presently has a consensus rating of “Buy” and a consensus target price of $31.67.
Shares of MHO traded down $0.14 during mid-day trading on Friday, hitting $37.23. The company’s stock had a trading volume of 253,219 shares, compared to its average volume of 241,917. The company has a current ratio of 6.10, a quick ratio of 0.46 and a debt-to-equity ratio of 0.94. The firm has a 50-day simple moving average of $35.68 and a 200 day simple moving average of $29.88. The firm has a market capitalization of $1.03 billion, a P/E ratio of 9.18 and a beta of 1.00. M/I Homes Inc has a 1-year low of $20.34 and a 1-year high of $38.35.
M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.86 by $0.22. The business had revenue of $623.69 million during the quarter, compared to analysts’ expectations of $546.04 million. M/I Homes had a return on equity of 13.32% and a net margin of 4.58%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. As a group, sell-side analysts predict that M/I Homes Inc will post 4.26 EPS for the current fiscal year.
About M/I Homes
M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.
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