Assenagon Asset Management S.A. Acquires 88,545 Shares of M/I Homes, Inc. (NYSE:MHO)

Assenagon Asset Management S.A. boosted its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 81.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 196,921 shares of the construction company's stock after acquiring an additional 88,545 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.73% of M/I Homes worth $22,484,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MHO. Vontobel Holding Ltd. grew its holdings in M/I Homes by 107.2% during the 4th quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company's stock worth $734,000 after acquiring an additional 2,858 shares during the last quarter. Rhumbline Advisers grew its holdings in M/I Homes by 2.4% during the 4th quarter. Rhumbline Advisers now owns 87,708 shares of the construction company's stock worth $11,661,000 after acquiring an additional 2,085 shares during the last quarter. Congress Asset Management Co. grew its holdings in M/I Homes by 11.7% during the 4th quarter. Congress Asset Management Co. now owns 51,248 shares of the construction company's stock worth $6,813,000 after acquiring an additional 5,379 shares during the last quarter. Principal Securities Inc. bought a new stake in M/I Homes during the 4th quarter worth about $27,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in M/I Homes by 11.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 13,478 shares of the construction company's stock worth $1,792,000 after acquiring an additional 1,425 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on MHO. Raymond James cut their target price on shares of 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. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

M/I Homes Trading Up 0.8%

Shares of NYSE:MHO traded up $0.86 during mid-day trading on Monday, reaching $107.88. The stock had a trading volume of 185,072 shares, compared to its average volume of 286,108. The firm has a market cap of $2.89 billion, a PE ratio of 5.47 and a beta of 1.65. The firm has a 50 day simple moving average of $108.13 and a two-hundred day simple moving average of $121.11. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). The firm had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. The business's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.78 earnings per share. On average, research analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

M/I Homes Company 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.