Creative Planning Purchases 2,335 Shares of M/I Homes, Inc. (NYSE:MHO)

Creative Planning boosted its holdings in M/I Homes, Inc. (NYSE:MHO) by 56.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,494 shares of the construction company’s stock after acquiring an additional 2,335 shares during the quarter. Creative Planning’s holdings in M/I Homes were worth $1,113,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of M/I Homes by 42.8% during the second quarter. Signaturefd LLC now owns 237 shares of the construction company’s stock valued at $29,000 after purchasing an additional 71 shares in the last quarter. CWM LLC lifted its stake in M/I Homes by 184.8% during the 2nd quarter. CWM LLC now owns 507 shares of the construction company’s stock valued at $62,000 after acquiring an additional 329 shares during the period. Hollencrest Capital Management bought a new position in M/I Homes during the 1st quarter valued at about $68,000. Quarry LP boosted its holdings in shares of M/I Homes by 148.0% during the 2nd quarter. Quarry LP now owns 558 shares of the construction company’s stock valued at $68,000 after acquiring an additional 333 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in shares of M/I Homes in the first quarter worth approximately $86,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of M/I Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Raymond James boosted their target price on shares of M/I Homes from $200.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Friday, August 2nd.

M/I Homes Trading Down 0.9 %

Shares of NYSE:MHO opened at $151.63 on Friday. The stock’s 50-day simple moving average is $162.98 and its two-hundred day simple moving average is $142.08. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 8.25 and a beta of 2.23. M/I Homes, Inc. has a 52-week low of $81.38 and a 52-week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.76 and a current ratio of 6.62.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $5.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.60 by $0.52. M/I Homes had a net margin of 12.67% and a return on equity of 20.50%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm posted $4.12 earnings per share. Analysts expect that M/I Homes, Inc. will post 19.76 EPS for the current year.

M/I Homes 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.