State Board of Administration of Florida Retirement System decreased its position in M/I Homes Inc. (NYSE:MHO) by 1.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 31,416 shares of the company’s stock after selling 589 shares during the period. State Board of Administration of Florida Retirement System owned about 0.13% of M/I Homes worth $592,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Royce & Associates LP boosted its stake in M/I Homes by 17.1% in the first quarter. Royce & Associates LP now owns 589,400 shares of the company’s stock worth $10,992,000 after buying an additional 86,100 shares during the last quarter. Bank of Montreal Can acquired a new stake in M/I Homes during the second quarter worth approximately $9,339,000. Geode Capital Management LLC boosted its stake in M/I Homes by 7.4% in the first quarter. Geode Capital Management LLC now owns 164,643 shares of the company’s stock worth $3,070,000 after buying an additional 11,312 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its stake in M/I Homes by 91.4% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 85,409 shares of the company’s stock worth $1,608,000 after buying an additional 40,775 shares during the last quarter. Finally, Eii Capital Management Inc. acquired a new stake in M/I Homes during the second quarter worth approximately $1,288,000.
M/I Homes Inc. (NYSE:MHO) traded down 0.04% during midday trading on Tuesday, hitting $23.53. The stock had a trading volume of 59,360 shares. M/I Homes Inc. has a 52 week low of $15.56 and a 52 week high of $25.48. The firm has a 50 day moving average of $23.03 and a 200 day moving average of $20.37. The firm has a market cap of $580.44 million, a price-to-earnings ratio of 13.44 and a beta of 1.11.
M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, July 27th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $401.20 million for the quarter, compared to the consensus estimate of $405.65 million. M/I Homes had a net margin of 3.46% and a return on equity of 10.95%. M/I Homes’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 EPS. Equities research analysts predict that M/I Homes Inc. will post $2.50 EPS for the current year.
About M/I Homes
M/I Homes, Inc is a builder of single-family homes. The Company consists of two distinct operations: homebuilding and financial services. The Company’s homebuilding operations are aggregated for reporting purposes into three reporting segments: the Midwest, Mid-Atlantic and Southern regions. The Company’s financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations and is reported as its own segment.
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