Skandinaviska Enskilda Banken AB publ bought a new stake in M/I Homes, Inc. (NYSE:MHO) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,100 shares of the construction company’s stock, valued at approximately $123,000.
Several other large investors have also made changes to their positions in MHO. Point72 Hong Kong Ltd acquired a new stake in shares of M/I Homes in the first quarter valued at $52,000. Captrust Financial Advisors increased its stake in shares of M/I Homes by 284.7% in the first quarter. Captrust Financial Advisors now owns 2,085 shares of the construction company’s stock valued at $123,000 after buying an additional 1,543 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in M/I Homes in the first quarter worth about $210,000. Teacher Retirement System of Texas acquired a new stake in M/I Homes in the second quarter worth about $219,000. Finally, Profund Advisors LLC acquired a new stake in M/I Homes in the first quarter worth about $220,000. Institutional investors own 90.98% of the company’s stock.
Shares of MHO stock opened at $60.39 on Thursday. The company has a quick ratio of 1.09, a current ratio of 5.25 and a debt-to-equity ratio of 0.56. M/I Homes, Inc. has a 12 month low of $40.24 and a 12 month high of $74.85. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 5.18 and a beta of 2.08. The stock has a 50-day moving average price of $62.20 and a 200 day moving average price of $62.21.
A number of analysts recently commented on the company. Zacks Investment Research upgraded M/I Homes from a “hold” rating to a “strong-buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, August 17th. Wedbush upgraded M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $80.00 to $100.00 in a research report on Thursday, August 12th.
M/I Homes Profile
M/I Homes, Inc engages in the construction and development of residential properties. It operates through the following business segments: Homebuilding and Financial Services. The Homebuilding segment designs, markets, constructs and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers.
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