Assetmark Inc. Buys 5,548 Shares of M/I Homes, Inc. (NYSE:MHO)

Assetmark Inc. raised its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 12.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,447 shares of the construction company's stock after purchasing an additional 5,548 shares during the quarter. Assetmark Inc. owned approximately 0.18% of M/I Homes worth $5,532,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MHO. Aster Capital Management DIFC Ltd acquired a new stake in shares of M/I Homes in the 4th quarter valued at $50,000. Fifth Third Bancorp lifted 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 worth $43,000 after buying an additional 105 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of M/I Homes by 72.4% during the 4th quarter. National Bank of Canada FI now owns 855 shares of the construction company's stock worth $114,000 after acquiring an additional 359 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of M/I Homes by 57.6% during the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company's stock valued at $105,000 after acquiring an additional 336 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of M/I Homes in the 4th quarter valued at approximately $162,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MHO. Wall Street Zen lowered M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Raymond James Financial reduced 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 note on Tuesday, April 29th.

M/I Homes Stock Performance

Shares of NYSE:MHO traded up $2.13 during midday trading on Friday, hitting $122.32. The company's stock had a trading volume of 254,131 shares, compared to its average volume of 282,466. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 7.21. The stock's 50 day simple moving average is $112.95 and its 200 day simple moving average is $115.26. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 6.70 and a beta of 1.64. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.43 by ($0.01). The business 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%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current 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.