M/I Homes (MHO) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System raised its holdings in M/I Homes (NYSE:MHO) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,743 shares of the construction company’s stock after acquiring an additional 2,847 shares during the period. California State Teachers Retirement System owned about 0.15% of M/I Homes worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Louisiana State Employees Retirement System grew its stake in M/I Homes by 15.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the construction company’s stock valued at $406,000 after acquiring an additional 1,600 shares during the period. Comerica Bank grew its stake in M/I Homes by 7.0% in the fourth quarter. Comerica Bank now owns 28,205 shares of the construction company’s stock valued at $989,000 after acquiring an additional 1,849 shares during the period. Eqis Capital Management Inc. grew its stake in M/I Homes by 19.6% in the fourth quarter. Eqis Capital Management Inc. now owns 11,361 shares of the construction company’s stock valued at $391,000 after acquiring an additional 1,864 shares during the period. Thrivent Financial For Lutherans grew its stake in M/I Homes by 13.1% in the fourth quarter. Thrivent Financial For Lutherans now owns 17,196 shares of the construction company’s stock valued at $592,000 after acquiring an additional 1,986 shares during the period. Finally, American International Group Inc. grew its stake in M/I Homes by 11.2% in the fourth quarter. American International Group Inc. now owns 21,179 shares of the construction company’s stock valued at $729,000 after acquiring an additional 2,136 shares during the period. 97.76% of the stock is owned by hedge funds and other institutional investors.

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MHO stock opened at $33.35 on Friday. The company has a quick ratio of 1.17, a current ratio of 6.32 and a debt-to-equity ratio of 1.08. The stock has a market cap of $926.12, a PE ratio of 11.58 and a beta of 1.14. M/I Homes has a fifty-two week low of $23.87 and a fifty-two week high of $37.41.

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

A number of research firms have issued reports on MHO. Zacks Investment Research cut M/I Homes from a “hold” rating to a “sell” rating in a research note on Thursday. Wedbush reaffirmed an “outperform” rating and set a $41.00 price objective on shares of M/I Homes in a research report on Monday, March 5th. ValuEngine raised M/I Homes from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th. Finally, TheStreet cut M/I Homes from a “b-” rating to a “c+” rating in a research report on Thursday, December 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.00.

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About M/I Homes

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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