Assenagon Asset Management S.A. Acquires 88,545 Shares of M/I Homes, Inc. (NYSE:MHO)

Assenagon Asset Management S.A. grew its holdings in M/I Homes, Inc. (NYSE:MHO) by 81.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 196,921 shares of the construction company’s stock after acquiring an additional 88,545 shares during the quarter. Assenagon Asset Management S.A. owned 0.73% of M/I Homes worth $22,484,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of M/I Homes in the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of M/I Homes in the fourth quarter valued at about $50,000. Steward Partners Investment Advisory LLC bought a new stake in shares of M/I Homes in the fourth quarter valued at about $70,000. Jones Financial Companies Lllp bought a new stake in shares of M/I Homes in the fourth quarter valued at about $80,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of M/I Homes by 283.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company’s stock valued at $88,000 after acquiring an additional 493 shares during the period. Institutional investors own 95.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. Raymond James dropped their price target on M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating for the company in a research note on Tuesday, April 29th. Finally, Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

M/I Homes Stock Up 0.3%

Shares of NYSE MHO opened at $110.21 on Friday. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 5.59 and a beta of 1.65. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18. The stock has a 50-day moving average price of $108.00 and a two-hundred day moving average price of $122.51.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.18). The business had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.78 EPS. As a group, analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

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.