ClariVest Asset Management LLC raised its stake in M/I Homes Inc. (NYSE:MHO) by 3.8% during the second quarter, Holdings Channel reports. The fund owned 32,384 shares of the company’s stock after buying an additional 1,200 shares during the period. ClariVest Asset Management LLC’s holdings in M/I Homes were worth $610,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Royce & Associates LP increased its position in shares of M/I Homes by 17.1% in the first quarter. Royce & Associates LP now owns 589,400 shares of the company’s stock valued at $10,992,000 after buying an additional 86,100 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of M/I Homes during the second quarter valued at approximately $9,339,000. Prudential Financial Inc. increased its position in shares of M/I Homes by 2.6% in the first quarter. Prudential Financial Inc. now owns 58,504 shares of the company’s stock valued at $1,091,000 after buying an additional 1,500 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of M/I Homes by 106.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,537 shares of the company’s stock valued at $905,000 after buying an additional 25,057 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of M/I Homes by 96.5% in the second quarter. BNP Paribas Arbitrage SA now owns 8,082 shares of the company’s stock valued at $152,000 after buying an additional 3,968 shares during the last quarter.
Shares of M/I Homes Inc. (NYSE:MHO) traded up 0.47% on Friday, reaching $23.30. The company’s stock had a trading volume of 146,911 shares. M/I Homes Inc. has a 12 month low of $15.56 and a 12 month high of $25.48. The firm’s 50-day moving average price is $23.15 and its 200-day moving average price is $20.66. The stock has a market cap of $574.76 million, a P/E ratio of 13.31 and a beta of 1.11.
M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $401.20 million for the quarter, compared to analysts’ expectations of $405.65 million. M/I Homes had a net margin of 3.46% and a return on equity of 10.95%. The firm’s revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. On average, analysts forecast that M/I Homes Inc. will post $2.50 earnings per share for the current fiscal year.
About M/I Homes
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.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M/I Homes Inc. and related companies with MarketBeat.com's FREE daily email newsletter.