Edgestream Partners L.P. acquired a new stake in shares of M/I Homes, Inc. (NYSE:MHO – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 72,095 shares of the construction company’s stock, valued at approximately $8,828,000. Edgestream Partners L.P. owned approximately 0.28% of M/I Homes as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in MHO. Donald Smith & CO. Inc. grew its position in M/I Homes by 5.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,463,340 shares of the construction company’s stock worth $187,234,000 after acquiring an additional 82,090 shares in the last quarter. State Street Corp raised its holdings in shares of M/I Homes by 2.2% during the 4th quarter. State Street Corp now owns 1,337,188 shares of the construction company’s stock valued at $171,093,000 after purchasing an additional 28,187 shares in the last quarter. Millennium Management LLC lifted its stake in shares of M/I Homes by 107.5% in the 4th quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock valued at $55,592,000 after purchasing an additional 225,120 shares during the last quarter. Royce & Associates LP lifted its stake in shares of M/I Homes by 5.3% in the 4th quarter. Royce & Associates LP now owns 326,606 shares of the construction company’s stock valued at $41,789,000 after purchasing an additional 16,445 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in M/I Homes by 116.4% in the third quarter. Invesco Ltd. now owns 300,912 shares of the construction company’s stock worth $43,464,000 after purchasing an additional 161,881 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.
M/I Homes Price Performance
Shares of M/I Homes stock opened at $153.62 on Thursday. The company has a current ratio of 8.40, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $145.67 and a 200-day simple moving average of $136.99. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 11.57 and a beta of 1.60. M/I Homes, Inc. has a 1-year low of $116.78 and a 1-year high of $163.66.
Wall Street Analyst Weigh In
MHO has been the topic of several analyst reports. Zelman & Associates downgraded shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 7th. Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. Freedom Capital raised M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.67.
About M/I Homes
M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.
In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.
See Also
- Five stocks we like better than M/I Homes
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for M/I Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes and related companies with MarketBeat.com's FREE daily email newsletter.
