Municipal Employees Retirement System of Michigan Has $569,000 Position in M/I Homes (MHO)

Municipal Employees Retirement System of Michigan decreased its position in shares of M/I Homes (NYSE:MHO) by 53.5% during the 4th quarter, HoldingsChannel reports. The fund owned 16,530 shares of the construction company’s stock after selling 18,990 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in M/I Homes were worth $569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV boosted its position in shares of M/I Homes by 83.7% during the 3rd quarter. KBC Group NV now owns 25,990 shares of the construction company’s stock worth $695,000 after acquiring an additional 11,843 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of M/I Homes by 4.8% during the 3rd quarter. Nordea Investment Management AB now owns 228,200 shares of the construction company’s stock worth $6,100,000 after acquiring an additional 10,400 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of M/I Homes by 85.7% during the 3rd quarter. SG Americas Securities LLC now owns 22,361 shares of the construction company’s stock worth $598,000 after acquiring an additional 10,321 shares in the last quarter. HAP Trading LLC boosted its position in shares of M/I Homes by 151.9% during the 4th quarter. HAP Trading LLC now owns 33,536 shares of the construction company’s stock worth $1,154,000 after acquiring an additional 20,222 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of M/I Homes by 7.0% during the 4th quarter. Comerica Bank now owns 28,205 shares of the construction company’s stock worth $989,000 after acquiring an additional 1,849 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

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Shares of M/I Homes (MHO) opened at $31.38 on Monday. M/I Homes has a 52-week low of $23.33 and a 52-week high of $37.41. The company has a debt-to-equity ratio of 1.08, a current ratio of 6.32 and a quick ratio of 1.17. The firm has a market cap of $874.56, a P/E ratio of 10.86 and a beta of 1.26.

M/I Homes (NYSE:MHO) last issued its earnings results on Thursday, February 1st. The construction company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). M/I Homes had a net margin of 3.56% and a return on equity of 12.66%. The company had revenue of $621.00 million during the quarter, compared to analyst estimates of $589.11 million. During the same quarter in the prior year, the business earned $0.67 EPS. The business’s quarterly revenue was up 18.7% on a year-over-year basis. equities research analysts expect that M/I Homes will post 4.11 EPS for the current fiscal year.

Several analysts recently issued reports on MHO shares. Wedbush increased their price target on shares of M/I Homes from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, December 29th. TheStreet lowered shares of M/I Homes from a “b-” rating to a “c+” rating in a research report on Thursday, December 28th. ValuEngine upgraded shares of M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research upgraded shares of M/I Homes from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $40.00.

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M/I Homes Profile

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.

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Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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