Legal & General Group Plc lifted its stake in M/I Homes Inc (NYSE:MHO) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,239 shares of the construction company’s stock after buying an additional 4,925 shares during the quarter. Legal & General Group Plc owned about 0.22% of M/I Homes worth $1,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. IndexIQ Advisors LLC raised its stake in shares of M/I Homes by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 71,373 shares of the construction company’s stock worth $1,708,000 after buying an additional 2,697 shares during the period. Wells Fargo & Company MN raised its stake in M/I Homes by 6.7% during the 3rd quarter. Wells Fargo & Company MN now owns 44,683 shares of the construction company’s stock valued at $1,070,000 after purchasing an additional 2,794 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in M/I Homes by 39.0% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,700 shares of the construction company’s stock valued at $256,000 after purchasing an additional 3,000 shares during the period. Bank of New York Mellon Corp raised its stake in M/I Homes by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 538,575 shares of the construction company’s stock valued at $14,262,000 after purchasing an additional 3,352 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in M/I Homes by 502.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,642 shares of the construction company’s stock valued at $150,000 after purchasing an additional 4,705 shares during the period. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MHO opened at $25.17 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.50 and a current ratio of 6.23. M/I Homes Inc has a 12-month low of $20.34 and a 12-month high of $34.57. The company has a market cap of $674.36 million, a P/E ratio of 8.74 and a beta of 0.92.

M/I Homes (NYSE:MHO) last released its quarterly earnings data on Wednesday, October 24th. The construction company reported $1.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.03. M/I Homes had a return on equity of 13.46% and a net margin of 4.17%. The business had revenue of $567.80 million for the quarter, compared to the consensus estimate of $552.54 million. During the same quarter in the previous year, the company posted $0.71 EPS. The company’s revenue was up 19.2% compared to the same quarter last year. On average, equities analysts expect that M/I Homes Inc will post 3.99 EPS for the current year.

Several brokerages recently issued reports on MHO. Zacks Investment Research downgraded M/I Homes from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. ValuEngine raised M/I Homes from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 6th. JMP Securities set a $30.00 target price on M/I Homes and gave the company a “buy” rating in a research note on Monday, October 15th. Finally, Wedbush set a $32.00 target price on M/I Homes and gave the company a “buy” rating in a research note on Thursday, October 25th.

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M/I Homes Profile

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois, Minnesota, Maryland, Virginia, North Carolina, Florida, and Texas, the United States. The company operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services segments.

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Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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