M/I Homes, Inc. $MHO Stock Holdings Increased by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in M/I Homes by 28.2%, owning 129,679 shares valued at approximately $14.8 million, making it the company's 26th biggest position in its portfolio.
• Several other investors, such as Round Hill Asset Management and Public Sector Pension Investment Board, also raised their positions in M/I Homes, indicating increasing institutional interest.
• Analysts' ratings for M/I Homes vary, with one rating it a "strong sell" and others showing a mixed outlook; the stock has a consensus rating of "Moderate Buy" with a target price of $162.50.

Algert Global LLC grew its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 28.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,679 shares of the construction company's stock after purchasing an additional 28,551 shares during the period. M/I Homes makes up 0.4% of Algert Global LLC's portfolio, making the stock its 26th biggest holding. Algert Global LLC owned 0.48% of M/I Homes worth $14,807,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Donald Smith & CO. Inc. boosted its position in shares of M/I Homes by 10.2% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,282,967 shares of the construction company's stock valued at $146,489,000 after purchasing an additional 118,778 shares in the last quarter. Northern Trust Corp boosted its position in shares of M/I Homes by 8.4% during the 4th quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock valued at $46,134,000 after purchasing an additional 26,820 shares in the last quarter. Royce & Associates LP boosted its position in shares of M/I Homes by 14.4% during the 1st quarter. Royce & Associates LP now owns 314,362 shares of the construction company's stock valued at $35,894,000 after purchasing an additional 39,491 shares in the last quarter. Millennium Management LLC boosted its position in shares of M/I Homes by 85.5% during the 4th quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock valued at $31,752,000 after purchasing an additional 110,086 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of M/I Homes by 77.5% during the 1st quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company's stock valued at $26,155,000 after purchasing an additional 100,029 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

M/I Homes Stock Up 6.3%

Shares of NYSE MHO traded up $8.6850 during mid-day trading on Friday, reaching $147.4550. The company had a trading volume of 164,676 shares, compared to its average volume of 283,683. The stock has a fifty day moving average of $121.11 and a two-hundred day moving average of $115.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.78 and a current ratio of 7.21. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 8.08 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 posted its quarterly 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 company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.M/I Homes's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analyst Weigh In

MHO has been the subject of several recent analyst reports. Wall Street Zen cut shares of M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Zacks Research upgraded shares of M/I Homes to a "strong sell" rating in a report on Tuesday, August 12th. Raymond James Financial decreased their target price on shares of 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, Zelman & Associates upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, M/I Homes presently has an average rating of "Buy" and an average price target of $162.50.

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.