MetLife Investment Management LLC Raises Holdings in M/I Homes, Inc. (NYSE:MHO)

MetLife Investment Management LLC grew its position in M/I Homes, Inc. (NYSE:MHO) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,148 shares of the construction company’s stock after buying an additional 1,036 shares during the quarter. MetLife Investment Management LLC owned 0.06% of M/I Homes worth $2,147,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Principal Securities Inc. purchased a new stake in shares of M/I Homes during the 4th quarter worth $27,000. R Squared Ltd acquired a new stake in M/I Homes during the 4th quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd acquired a new stake in M/I Homes during the 4th quarter valued at approximately $50,000. Steward Partners Investment Advisory LLC acquired a new position in shares of M/I Homes in the 4th quarter valued at $70,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of M/I Homes in the 4th quarter valued at $80,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Trading Down 0.5 %

NYSE MHO opened at $105.09 on Tuesday. The firm’s 50-day moving average is $113.24 and its two-hundred day moving average is $133.86. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The stock has a market capitalization of $2.85 billion, a P/E ratio of 5.33 and a beta of 1.99.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing analysts’ consensus estimates of $4.16 by ($0.18). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The company had revenue of $976.09 million for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the company posted $4.78 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday. Seaport Res Ptn raised shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Raymond James reissued a “strong-buy” rating and issued a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

M/I Homes Company 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.