Raymond James Financial Inc. Boosts Stock Holdings in M/I Homes, Inc. $MHO

Raymond James Financial Inc. increased its position in shares of M/I Homes, Inc. (NYSE:MHO) by 26.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,133 shares of the construction company’s stock after purchasing an additional 20,862 shares during the period. Raymond James Financial Inc. owned 0.38% of M/I Homes worth $11,547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Donald Smith & CO. Inc. grew its stake in shares of M/I Homes by 10.2% during the first quarter. Donald Smith & CO. Inc. now owns 1,282,967 shares of the construction company’s stock worth $146,489,000 after purchasing an additional 118,778 shares in the last quarter. Northern Trust Corp grew its stake in shares of M/I Homes by 8.4% during the fourth quarter. Northern Trust Corp now owns 347,000 shares of the construction company’s stock worth $46,134,000 after purchasing an additional 26,820 shares in the last quarter. Royce & Associates LP grew its stake in shares of M/I Homes by 14.4% during the first quarter. Royce & Associates LP now owns 314,362 shares of the construction company’s stock worth $35,894,000 after purchasing an additional 39,491 shares in the last quarter. Millennium Management LLC grew its stake in shares of M/I Homes by 85.5% during the fourth quarter. Millennium Management LLC now owns 238,826 shares of the construction company’s stock worth $31,752,000 after purchasing an additional 110,086 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of M/I Homes by 77.5% during the first quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company’s stock worth $26,155,000 after purchasing an additional 100,029 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Performance

NYSE MHO opened at $147.45 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The company has a market capitalization of $3.95 billion, a PE ratio of 8.10 and a beta of 1.60. The company has a fifty day moving average of $125.99 and a two-hundred day moving average of $116.51.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.12 billion. The business’s revenue was up 4.8% compared to the same quarter last year. As a group, analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on MHO shares. Zacks Research upgraded shares of M/I Homes to a “strong sell” rating in a research note on Tuesday, August 12th. Zelman & Associates upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $162.50.

M/I Homes Company Profile

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.