Allianz Asset Management GmbH Purchases 100,029 Shares of M/I Homes, Inc. (NYSE:MHO)

Allianz Asset Management GmbH boosted its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 77.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 229,065 shares of the construction company's stock after buying an additional 100,029 shares during the quarter. Allianz Asset Management GmbH owned about 0.86% of M/I Homes worth $26,155,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Xponance Inc. raised its stake in shares of M/I Homes by 5.0% in the 1st quarter. Xponance Inc. now owns 2,019 shares of the construction company's stock valued at $231,000 after acquiring an additional 97 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in M/I Homes by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company's stock valued at $371,000 after purchasing an additional 98 shares during the last quarter. Fifth Third Bancorp raised its position in shares of M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock valued at $43,000 after purchasing an additional 105 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of M/I Homes by 1.8% in the first quarter. SummerHaven Investment Management LLC now owns 6,443 shares of the construction company's stock worth $736,000 after buying an additional 114 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of M/I Homes by 7.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,124 shares of the construction company's stock worth $282,000 after buying an additional 155 shares during the period. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Stock Performance

Shares of MHO stock traded up $1.31 during trading hours on Friday, reaching $122.41. 274,101 shares of the company's stock were exchanged, compared to its average volume of 316,900. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The company has a quick ratio of 1.79, a current ratio of 6.95 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $3.28 billion, a P/E ratio of 6.72 and a beta of 1.64. The business has a fifty day moving average price of $111.88 and a 200-day moving average price of $115.31.

M/I Homes (NYSE:MHO - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $4.42 EPS for the quarter, missing the consensus estimate of $4.43 by ($0.01). The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The company's quarterly revenue was up 4.8% on a year-over-year basis. Analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th. Raymond James Financial lowered their price target on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th.

M/I Homes Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.