Foundry Partners LLC acquired a new stake in shares of M/I Homes Inc. (NYSE:MHO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,175 shares of the company’s stock, valued at approximately $782,000. Foundry Partners LLC owned 0.13% of M/I Homes at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in MHO. GSA Capital Partners LLP bought a new stake in M/I Homes during the second quarter valued at about $203,000. ClariVest Asset Management LLC boosted its stake in M/I Homes by 3.8% in the second quarter. ClariVest Asset Management LLC now owns 32,384 shares of the company’s stock valued at $610,000 after buying an additional 1,200 shares during the period. Principal Financial Group Inc. boosted its stake in M/I Homes by 2.8% in the second quarter. Principal Financial Group Inc. now owns 173,592 shares of the company’s stock valued at $3,269,000 after buying an additional 4,741 shares during the period. Donald Smith & CO. Inc. boosted its stake in M/I Homes by 20.5% in the second quarter. Donald Smith & CO. Inc. now owns 1,396,758 shares of the company’s stock valued at $26,301,000 after buying an additional 237,247 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in M/I Homes by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 86,925 shares of the company’s stock valued at $1,637,000 after buying an additional 1,578 shares during the period.
M/I Homes Inc. (NYSE:MHO) traded up 1.22% during midday trading on Friday, reaching $23.23. 80,680 shares of the company’s stock traded hands. M/I Homes Inc. has a 1-year low of $15.56 and a 1-year high of $23.96. The firm’s 50-day moving average is $22.41 and its 200-day moving average is $21.28. The company has a market capitalization of $573.04 million, a price-to-earnings ratio of 14.56 and a beta of 0.95.
M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The business had revenue of $442 million for the quarter, compared to the consensus estimate of $446.66 million. M/I Homes had a net margin of 3.01% and a return on equity of 11.49%. The company’s revenue was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. Analysts forecast that M/I Homes Inc. will post $2.45 earnings per share for the current year.
M/I Homes Company Profile
M/I Homes, Inc is a builder of single-family homes. The Company consists of two distinct operations: homebuilding and financial services. The Company’s homebuilding operations are aggregated for reporting purposes into three reporting segments: the Midwest, Mid-Atlantic and Southern regions. The Company’s financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations and is reported as its own segment.