Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Makes New Investment in UP Fintech Holding Limited (NASDAQ:TIGR) | Daily Political
Other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in M/I Homes during the first quarter worth about $52,000. Captrust Financial Advisors grew its holdings in M/I Homes by 284.7% during the first quarter. Captrust Financial Advisors now owns 2,085 shares of the construction company’s stock worth $123,000 after acquiring an additional 1,543 shares during the period. Quadrature Capital Ltd acquired a new stake in M/I Homes during the first quarter worth about $210,000. Teacher Retirement System of Texas acquired a new stake in M/I Homes during the second quarter worth about $219,000. Finally, Profund Advisors LLC acquired a new stake in M/I Homes during the first quarter worth about $220,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on MHO shares. Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $80.00 to $100.00 in a report on Thursday, August 12th. Zacks Investment Research raised M/I Homes from a “hold” rating to a “strong-buy” rating and set a $74.00 price objective on the stock in a report on Tuesday, August 17th.
NYSE MHO opened at $61.82 on Friday. The company has a market cap of $1.81 billion, a PE ratio of 5.31 and a beta of 2.08. The stock’s 50 day simple moving average is $61.53 and its 200-day simple moving average is $61.56. M/I Homes, Inc. has a 1-year low of $40.24 and a 1-year high of $74.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 5.25 and a quick ratio of 1.09.
M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, July 28th. The construction company reported $3.58 earnings per share for the quarter, beating the consensus estimate of $2.18 by $1.40. M/I Homes had a return on equity of 26.89% and a net margin of 9.77%. On average, equities research analysts anticipate that M/I Homes, Inc. will post 13.83 EPS for the current fiscal year.
M/I Homes Profile
M/I Homes, Inc engages in the construction and development of residential properties. It operates through the following business segments: Homebuilding and Financial Services. The Homebuilding segment designs, markets, constructs and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers.
Featured Story: Stock Portfolio Tracker
Want to see what other hedge funds are holding MHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M/I Homes, Inc. (NYSE:MHO).
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.
Original Source