ClariVest Asset Management LLC Has $13.27 Million Position in M/I Homes, Inc. (NYSE:MHO)
ClariVest Asset Management LLC increased its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 37.8% during the second quarter, Holdings Channel reports. The institutional investor owned 464,836 shares of the construction company’s stock after buying an additional 127,514 shares during the period. ClariVest Asset Management LLC’s holdings in M/I Homes were worth $13,271,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in MHO. AQR Capital Management LLC acquired a new stake in shares of M/I Homes during the fourth quarter valued at about $648,000. Airain ltd acquired a new stake in shares of M/I Homes during the first quarter valued at about $214,000. Brookfield Asset Management Inc. acquired a new stake in shares of M/I Homes during the first quarter valued at about $3,979,000. SG Americas Securities LLC acquired a new stake in shares of M/I Homes during the first quarter valued at about $104,000. Finally, Principal Financial Group Inc. increased its stake in shares of M/I Homes by 4.0% in the first quarter. Principal Financial Group Inc. now owns 188,210 shares of the construction company’s stock valued at $4,611,000 after buying an additional 7,299 shares in the last quarter.
Shares of M/I Homes, Inc. (NYSE:MHO) opened at 25.17 on Friday. M/I Homes, Inc. has a 52 week low of $20.40 and a 52 week high of $29.42. The company has a 50-day moving average price of $27.10 and a 200 day moving average price of $26.15. The stock has a market capitalization of $631.87 million, a P/E ratio of 11.91 and a beta of 1.09.
M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, July 26th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $456.87 million for the quarter, compared to the consensus estimate of $456.56 million. M/I Homes had a return on equity of 12.99% and a net margin of 3.57%. M/I Homes’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. Analysts forecast that M/I Homes, Inc. will post $3.00 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on MHO shares. Wedbush reissued an “outperform” rating and issued a $27.00 price objective on shares of M/I Homes in a research note on Wednesday, April 26th. ValuEngine raised M/I Homes from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded M/I Homes from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub downgraded M/I Homes from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, JMP Securities raised M/I Homes from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, July 31st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $31.00.
About M/I Homes
M/I Homes, Inc is a builder of single-family homes. The Company consists of two operations: homebuilding and financial services. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St.
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