Public Sector Pension investment Board reduced its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 24.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,772 shares of the construction company’s stock after selling 4,200 shares during the quarter. Public Sector Pension investment Board owned 0.05% of M/I Homes worth $365,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Brookfield Asset Management Inc. bought a new position in shares of M/I Homes during the first quarter valued at about $3,979,000. SG Americas Securities LLC bought a new position in shares of M/I Homes during the first quarter valued at about $104,000. Chicago Equity Partners LLC bought a new position in shares of M/I Homes during the second quarter valued at about $4,110,000. Principal Financial Group Inc. grew its stake in shares of M/I Homes by 4.0% during the first quarter. Principal Financial Group Inc. now owns 188,210 shares of the construction company’s stock valued at $4,611,000 after buying an additional 7,299 shares during the last quarter. Finally, Capstone Asset Management Co. grew its stake in shares of M/I Homes by 3.2% during the second quarter. Capstone Asset Management Co. now owns 17,213 shares of the construction company’s stock valued at $491,000 after buying an additional 530 shares during the last quarter.
A number of brokerages have recently issued reports on MHO. BidaskClub raised M/I Homes from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research raised M/I Homes from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, September 26th. ValuEngine cut M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, JMP Securities raised M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research note on Monday, July 31st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. M/I Homes presently has an average rating of “Buy” and a consensus target price of $30.67.
M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. M/I Homes had a net margin of 3.57% and a return on equity of 12.99%. The company had revenue of $456.87 million for the quarter, compared to analyst estimates of $456.56 million. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis.
About M/I Homes
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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