Universal Beteiligungs und Servicegesellschaft mbH Makes New $2.26 Million Investment in M/I Homes, Inc. (NYSE:MHO)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,765 shares of the construction company’s stock, valued at approximately $2,257,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of M/I Homes at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Millennium Management LLC raised its position in M/I Homes by 85.5% in the 4th quarter. Millennium Management LLC now owns 238,826 shares of the construction company’s stock valued at $31,752,000 after buying an additional 110,086 shares during the last quarter. GAMMA Investing LLC raised its position in M/I Homes by 17,898.5% in the 1st quarter. GAMMA Investing LLC now owns 104,931 shares of the construction company’s stock valued at $11,981,000 after buying an additional 104,348 shares during the last quarter. Allianz Asset Management GmbH raised its position in M/I Homes by 77.5% in the 1st quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company’s stock valued at $26,155,000 after buying an additional 100,029 shares during the last quarter. Assenagon Asset Management S.A. raised its position in M/I Homes by 81.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 196,921 shares of the construction company’s stock valued at $22,484,000 after buying an additional 88,545 shares during the last quarter. Finally, Cerity Partners LLC raised its position in M/I Homes by 431.3% in the 1st quarter. Cerity Partners LLC now owns 91,324 shares of the construction company’s stock valued at $10,427,000 after buying an additional 74,136 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Down 1.3%

MHO stock opened at $120.78 on Thursday. The company has a quick ratio of 1.72, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $112.68 and a two-hundred day moving average price of $115.31. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 6.63 and a beta of 1.64. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18.

M/I Homes (NYSE:MHO) last posted its quarterly 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). M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Raymond James Financial dropped their target price on M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 29th. Wall Street Zen lowered M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, April 25th.

About M/I Homes

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.