Teacher Retirement System of Texas raised its holdings in M/I Homes, Inc. (NYSE:MHO – Get Rating) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,120 shares of the construction company’s stock after buying an additional 459 shares during the period. Teacher Retirement System of Texas’ holdings in M/I Homes were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Qube Research & Technologies Ltd bought a new position in shares of M/I Homes in the first quarter valued at $250,000. Los Angeles Capital Management LLC lifted its stake in shares of M/I Homes by 55.3% in the first quarter. Los Angeles Capital Management LLC now owns 10,993 shares of the construction company’s stock valued at $488,000 after buying an additional 3,915 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of M/I Homes by 25.6% in the first quarter. Fisher Asset Management LLC now owns 73,352 shares of the construction company’s stock valued at $3,253,000 after buying an additional 14,933 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of M/I Homes by 26.5% in the first quarter. New York State Common Retirement Fund now owns 68,225 shares of the construction company’s stock valued at $3,026,000 after buying an additional 14,287 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of M/I Homes by 8.1% in the first quarter. Russell Investments Group Ltd. now owns 18,666 shares of the construction company’s stock valued at $827,000 after buying an additional 1,400 shares in the last quarter. 89.55% of the stock is owned by institutional investors.
M/I Homes Stock Down 3.2 %
MHO opened at $44.78 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.62 and a quick ratio of 0.55. The company’s 50-day moving average is $43.91 and its 200 day moving average is $45.20. M/I Homes, Inc. has a fifty-two week low of $34.33 and a fifty-two week high of $69.22. The firm has a market capitalization of $1.24 billion, a P/E ratio of 3.02 and a beta of 1.89.
M/I Homes (NYSE:MHO – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The construction company reported $4.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.78 by $1.01. M/I Homes had a net margin of 11.23% and a return on equity of 26.32%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Research analysts expect that M/I Homes, Inc. will post 16.45 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, TheStreet lowered shares of M/I Homes from a “b-” rating to a “c+” rating in a research note on Wednesday, July 6th.
M/I Homes Profile
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.
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