Lazard Asset Management LLC Boosts Holdings in M/I Homes, Inc. (NYSE:MHO)

Lazard Asset Management LLC lifted its stake in M/I Homes, Inc. (NYSE:MHOGet Rating) by 52.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,941 shares of the construction company’s stock after buying an additional 1,358 shares during the period. Lazard Asset Management LLC’s holdings in M/I Homes were worth $156,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MHO. Donald Smith & CO. Inc. grew its position in shares of M/I Homes by 23.7% in the 1st quarter. Donald Smith & CO. Inc. now owns 1,986,996 shares of the construction company’s stock valued at $88,123,000 after buying an additional 380,484 shares during the last quarter. Assenagon Asset Management S.A. grew its position in M/I Homes by 50.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 305,775 shares of the construction company’s stock worth $12,127,000 after purchasing an additional 102,783 shares during the last quarter. TCW Group Inc. purchased a new position in M/I Homes during the 2nd quarter worth $3,495,000. Renaissance Technologies LLC purchased a new position in M/I Homes during the 1st quarter worth $3,677,000. Finally, Timelo Investment Management Inc. grew its position in M/I Homes by 37.0% during the 1st quarter. Timelo Investment Management Inc. now owns 283,076 shares of the construction company’s stock worth $12,554,000 after purchasing an additional 76,518 shares during the last quarter. 91.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MHO has been the topic of several research reports. StockNews.com downgraded shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Wedbush lowered their price objective on shares of M/I Homes from $83.00 to $63.00 in a research report on Thursday, October 27th.

M/I Homes Stock Down 1.0 %

MHO stock opened at $42.86 on Tuesday. M/I Homes, Inc. has a one year low of $34.33 and a one year high of $64.92. The stock has a market capitalization of $1.18 billion, a PE ratio of 2.61 and a beta of 1.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.37 and a current ratio of 4.84. The company has a fifty day moving average of $40.23 and a 200-day moving average of $42.57.

M/I Homes Company Profile

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M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family 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. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name.

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Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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