67,244 Shares in M/I Homes, Inc. (NYSE:MHO) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new stake in M/I Homes, Inc. (NYSE:MHO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 67,244 shares of the construction company's stock, valued at approximately $9,262,000. Assenagon Asset Management S.A. owned about 0.24% of M/I Homes as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Westfield Capital Management Co. LP purchased a new stake in M/I Homes during the third quarter valued at about $82,185,000. Arrowstreet Capital Limited Partnership boosted its position in M/I Homes by 219.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 700,737 shares of the construction company's stock valued at $44,209,000 after buying an additional 481,461 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in M/I Homes during the first quarter valued at about $26,909,000. Pacer Advisors Inc. boosted its position in M/I Homes by 49.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,070,909 shares of the construction company's stock valued at $147,507,000 after buying an additional 354,182 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in M/I Homes by 231.1% during the second quarter. JPMorgan Chase & Co. now owns 396,480 shares of the construction company's stock valued at $34,569,000 after buying an additional 276,730 shares during the period. Institutional investors own 95.14% of the company's stock.

M/I Homes Trading Up 4.6 %

Shares of M/I Homes stock traded up $5.99 during trading on Friday, reaching $136.29. 353,963 shares of the stock were exchanged, compared to its average volume of 245,736. The company has a quick ratio of 1.68, a current ratio of 6.84 and a debt-to-equity ratio of 0.34. The stock's fifty day moving average is $126.10 and its 200 day moving average is $111.54. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 8.39 and a beta of 2.13. M/I Homes, Inc. has a 1 year low of $58.93 and a 1 year high of $140.73.

M/I Homes (NYSE:MHO - Get Free Report) last posted its earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share for the quarter, missing analysts' consensus estimates of $4.94 by ($1.28). The firm had revenue of $972.59 million for the quarter, compared to analysts' expectations of $1.19 billion. M/I Homes had a return on equity of 19.75% and a net margin of 11.54%. As a group, equities research analysts expect that M/I Homes, Inc. will post 16.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MHO has been the subject of several analyst reports. Wedbush lowered shares of M/I Homes from an "outperform" rating to a "neutral" rating and set a $116.00 price target for the company. in a research report on Monday, December 18th. StockNews.com upgraded shares of M/I Homes from a "hold" rating to a "buy" rating in a research report on Monday, February 19th.

Insider Transactions at M/I Homes

In other news, insider Ann Marie Hunker sold 2,461 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $128.51, for a total transaction of $316,263.11. Following the completion of the sale, the insider now directly owns 2,342 shares in the company, valued at $300,970.42. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.60% of the stock is currently owned by company insiders.

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.