MQS Management LLC Invests $534,000 in M/I Homes, Inc. $MHO

MQS Management LLC purchased a new position in M/I Homes, Inc. (NYSE:MHO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,173 shares of the construction company’s stock, valued at approximately $534,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of M/I Homes by 10.9% in the third quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock worth $135,282,000 after buying an additional 91,732 shares in the last quarter. Invesco Ltd. lifted its stake in shares of M/I Homes by 116.4% in the third quarter. Invesco Ltd. now owns 300,912 shares of the construction company’s stock worth $43,464,000 after buying an additional 161,881 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of M/I Homes by 26.1% in the third quarter. JPMorgan Chase & Co. now owns 266,582 shares of the construction company’s stock worth $38,505,000 after buying an additional 55,206 shares in the last quarter. Junto Capital Management LP purchased a new position in shares of M/I Homes in the third quarter worth about $35,871,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of M/I Homes by 5.0% in the second quarter. Qube Research & Technologies Ltd now owns 228,931 shares of the construction company’s stock worth $25,668,000 after buying an additional 10,898 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Price Performance

Shares of MHO opened at $129.92 on Friday. M/I Homes, Inc. has a 1-year low of $103.52 and a 1-year high of $158.92. The stock has a market cap of $3.32 billion, a PE ratio of 9.78 and a beta of 1.65. The firm has a 50-day simple moving average of $126.08 and a two-hundred day simple moving average of $131.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95.

M/I Homes (NYSE:MHO) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The company had revenue of $920.71 million for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business earned $3.98 earnings per share. M/I Homes’s revenue was down 5.8% on a year-over-year basis. As a group, analysts forecast that M/I Homes, Inc. will post 12.6 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MHO shares. Citigroup reissued a “market outperform” rating on shares of M/I Homes in a research note on Friday, January 30th. Seaport Research Partners restated a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th. Zacks Research cut shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Finally, Oppenheimer set a $165.00 price objective on shares of M/I Homes in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, M/I Homes currently has a consensus rating of “Moderate Buy” and an average target price of $161.67.

About M/I Homes

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.