Universal Beteiligungs und Servicegesellschaft mbH Invests $2.26 Million in M/I Homes, Inc. (NYSE:MHO)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in M/I Homes, Inc. (NYSE:MHO) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,765 shares of the construction company’s stock, valued at approximately $2,257,000.

Several other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its position in shares of M/I Homes by 14.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,584 shares of the construction company’s stock valued at $211,000 after acquiring an additional 201 shares during the period. LPL Financial LLC lifted its position in shares of M/I Homes by 23.2% during the 4th quarter. LPL Financial LLC now owns 13,223 shares of the construction company’s stock valued at $1,758,000 after acquiring an additional 2,492 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of M/I Homes during the 4th quarter valued at $216,000. Pictet Asset Management Holding SA lifted its position in shares of M/I Homes by 23.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,542 shares of the construction company’s stock valued at $604,000 after acquiring an additional 866 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its position in shares of M/I Homes by 38.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 1,622 shares of the construction company’s stock valued at $216,000 after acquiring an additional 451 shares during the period. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Price Performance

Shares of MHO stock opened at $120.78 on Thursday. The company has a quick ratio of 1.72, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The company has a market cap of $3.23 billion, a P/E ratio of 6.63 and a beta of 1.64. The business has a fifty day simple moving average of $112.68 and a 200 day simple moving average of $115.31.

M/I Homes (NYSE:MHO) last issued its 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). M/I Homes had a return on equity of 17.23% and a net margin of 11.40%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.12 billion. The firm’s revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MHO shares. Wall Street Zen downgraded M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. Raymond James Financial dropped their price objective on M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating for the company in a research report on Tuesday, April 29th.

About M/I Homes

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.