Dimensional Fund Advisors LP increased its stake in M/I Homes Inc. (NYSE:MHO) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,094,551 shares of the company’s stock after buying an additional 1,865 shares during the period. Dimensional Fund Advisors LP owned about 8.49% of M/I Homes worth $39,440,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in M/I Homes during the second quarter valued at approximately $9,339,000. Royce & Associates LP increased its stake in shares of 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 period. Eii Capital Management Inc. acquired a new stake in shares of M/I Homes during the second quarter worth about $1,288,000. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of 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 period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of M/I Homes by 106.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,537 shares of the company’s stock worth $905,000 after buying an additional 25,057 shares during the period.
Shares of M/I Homes Inc. (NYSE:MHO) opened at 23.38 on Tuesday. The stock has a market capitalization of $576.74 million, a P/E ratio of 13.35 and a beta of 1.11. M/I Homes Inc. has a one year low of $15.56 and a one year high of $25.48. The firm’s 50-day moving average price is $23.15 and its 200-day moving average price is $20.72.
M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. M/I Homes had a return on equity of 10.95% and a net margin of 3.46%. The business had revenue of $401.20 million for the quarter, compared to analysts’ expectations of $405.65 million. During the same period in the prior year, the company earned $0.43 EPS. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. Equities research analysts anticipate that M/I Homes Inc. will post $2.50 EPS for the current fiscal 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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