Nationwide Fund Advisors lowered its stake in M/I Homes Inc. (NYSE:MHO) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 106,453 shares of the company’s stock after selling 550 shares during the period. Nationwide Fund Advisors owned approximately 0.43% of M/I Homes worth $2,005,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in MHO. Royce & Associates LP boosted its stake in shares of M/I Homes by 4.3% in the second quarter. Royce & Associates LP now owns 614,600 shares of the company’s stock valued at $11,573,000 after buying an additional 25,200 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of M/I Homes during the second quarter valued at approximately $203,000. Eii Capital Management Inc. purchased a new stake in shares of M/I Homes during the second quarter valued at approximately $1,288,000. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of M/I Homes by 91.4% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 85,409 shares of the company’s stock valued at $1,608,000 after buying an additional 40,775 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its stake in shares of 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 last quarter.
Shares of M/I Homes Inc. (NYSE:MHO) traded up 0.39% during midday trading on Friday, reaching $23.28. The company had a trading volume of 40,934 shares. The firm’s 50 day moving average price is $23.15 and its 200-day moving average price is $20.62. The company has a market capitalization of $574.27 million, a P/E ratio of 13.30 and a beta of 1.11. M/I Homes Inc. has a 12 month low of $15.56 and a 12 month high of $25.48.
M/I Homes (NYSE:MHO) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.01. M/I Homes had a return on equity of 10.95% and a net margin of 3.46%. The business earned $401.20 million during the quarter, compared to analyst estimates of $405.65 million. During the same period last year, the company earned $0.43 EPS. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. Analysts anticipate that M/I Homes Inc. will post $2.50 earnings per share for the current fiscal 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.
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