M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 77.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 0.86% of M/I Homes worth $26,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its stake in M/I Homes by 6.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock valued at $154,779,000 after buying an additional 65,771 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of M/I Homes by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock worth $91,402,000 after purchasing an additional 15,685 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of M/I Homes by 8.4% during the fourth quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock worth $46,134,000 after purchasing an additional 26,820 shares during the period. Millennium Management LLC lifted its holdings in shares of M/I Homes by 85.5% during the fourth quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock worth $31,752,000 after purchasing an additional 110,086 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in M/I Homes by 81.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 196,921 shares of the construction company's stock valued at $22,484,000 after buying an additional 88,545 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Price Performance

MHO stock traded down $2.88 on Thursday, reaching $121.06. 366,705 shares of the company's stock were exchanged, compared to its average volume of 307,982. 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 firm has a market cap of $3.24 billion, a PE ratio of 6.65 and a beta of 1.64. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The stock has a fifty day moving average of $111.68 and a 200-day moving average of $115.43.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing the consensus estimate of $4.43 by ($0.01). The firm had revenue of $1.16 billion during 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%. M/I Homes's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Raymond James Financial cut their price objective on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th. Wall Street Zen downgraded M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th.

About M/I Homes

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.