Assenagon Asset Management S.A. Boosts Stake in M/I Homes, Inc. $MHO

Assenagon Asset Management S.A. increased its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,663 shares of the construction company’s stock after purchasing an additional 7,801 shares during the quarter. Assenagon Asset Management S.A. owned 0.45% of M/I Homes worth $14,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Hilton Head Capital Partners LLC purchased a new position in shares of M/I Homes during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its position in M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after purchasing an additional 135 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in M/I Homes during the 4th quarter valued at $49,000. CIBC Private Wealth Group LLC raised its stake in M/I Homes by 53.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock valued at $69,000 after buying an additional 166 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of M/I Homes by 1,090.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock valued at $64,000 after buying an additional 458 shares during the period. 95.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Finally, Freedom Capital raised M/I Homes to a “strong-buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, M/I Homes has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

M/I Homes Trading Up 2.1%

Shares of MHO stock opened at $162.52 on Friday. M/I Homes, Inc. has a 1 year low of $110.94 and a 1 year high of $163.66. The firm has a fifty day moving average price of $135.48 and a 200-day moving average price of $133.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 12.24 and a beta of 1.62.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $2.55 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.09). The company had revenue of $920.71 million during the quarter, compared to analysts’ expectations of $1.18 billion. M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the company earned $3.98 earnings per share. As a group, equities analysts predict that M/I Homes, Inc. will post 12.6 earnings per share for the current year.

M/I Homes Company Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.