HighTower Advisors LLC Has $306,000 Stock Holdings in M/I Homes, Inc. $MHO

HighTower Advisors LLC trimmed its position in M/I Homes, Inc. (NYSE:MHO) by 29.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,678 shares of the construction company’s stock after selling 1,117 shares during the quarter. HighTower Advisors LLC’s holdings in M/I Homes were worth $306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. grew its holdings in M/I Homes by 10.2% in the 1st quarter. Donald Smith & CO. Inc. now owns 1,282,967 shares of the construction company’s stock valued at $146,489,000 after buying an additional 118,778 shares in the last quarter. Northern Trust Corp grew its holdings in M/I Homes by 8.4% in the 4th quarter. Northern Trust Corp now owns 347,000 shares of the construction company’s stock valued at $46,134,000 after buying an additional 26,820 shares in the last quarter. Royce & Associates LP grew its holdings in M/I Homes by 14.4% in the 1st quarter. Royce & Associates LP now owns 314,362 shares of the construction company’s stock valued at $35,894,000 after buying an additional 39,491 shares in the last quarter. Millennium Management LLC grew its holdings 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 in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings 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 in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Price Performance

Shares of MHO stock opened at $146.57 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The company has a market cap of $3.93 billion, a P/E ratio of 8.05 and a beta of 1.66. The business has a fifty day simple moving average of $127.42 and a 200 day simple moving average of $116.91.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing the consensus estimate of $4.43 by ($0.01). M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.