Campbell & CO Investment Adviser LLC Acquires Shares of 12,670 M/I Homes, Inc. $MHO

Key Points

• Campbell & CO Investment Adviser LLC has acquired 12,670 shares of M/I Homes, Inc., valued at approximately $1.45 million, marking a significant investment in the construction sector.
• Major institutional investors have also increased their stakes in M/I Homes, with Donald Smith & CO. Inc. raising its holdings by 10.2%, reflecting growing confidence in the company's performance.
• M/I Homes reported earnings of $4.42 per share for the last quarter, slightly missing analyst expectations, but revenue exceeded forecasts with $1.16 billion reported.

Campbell & CO Investment Adviser LLC acquired a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,670 shares of the construction company's stock, valued at approximately $1,447,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Donald Smith & CO. Inc. lifted its holdings in shares of M/I Homes by 10.2% during the first quarter. Donald Smith & CO. Inc. now owns 1,282,967 shares of the construction company's stock valued at $146,489,000 after acquiring an additional 118,778 shares during the period. 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 valued at $46,134,000 after acquiring an additional 26,820 shares during the period. Royce & Associates LP lifted its holdings in shares of M/I Homes by 14.4% during the first quarter. Royce & Associates LP now owns 314,362 shares of the construction company's stock valued at $35,894,000 after acquiring an additional 39,491 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 valued at $31,752,000 after acquiring an additional 110,086 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of M/I Homes by 77.5% in the first quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company's stock valued at $26,155,000 after buying an additional 100,029 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Price Performance

Shares of MHO stock opened at $146.0610 on Tuesday. The stock has a 50-day moving average price of $122.67 and a 200 day moving average price of $115.71. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 8.02 and a beta of 1.60. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 17.23% and a net margin of 11.40%.The company's revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MHO. Zelman & Associates raised M/I Homes from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 12th. Raymond James Financial cut their price target on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th. Finally, Zacks Research raised M/I Homes to a "strong sell" rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $162.50.

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.

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