Systematic Financial Management LP Takes $9.97 Million Position in M/I Homes, Inc. $MHO

Systematic Financial Management LP purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 77,908 shares of the construction company’s stock, valued at approximately $9,968,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. American Century Companies Inc. raised its holdings in shares of M/I Homes by 10.9% during the 3rd quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock valued at $135,282,000 after purchasing an additional 91,732 shares in the last quarter. Invesco Ltd. raised its holdings in shares of M/I Homes by 116.4% during the 3rd quarter. Invesco Ltd. now owns 300,912 shares of the construction company’s stock valued at $43,464,000 after purchasing an additional 161,881 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of M/I Homes by 26.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 266,582 shares of the construction company’s stock valued at $38,505,000 after purchasing an additional 55,206 shares in the last quarter. Junto Capital Management LP bought a new position in shares of M/I Homes during the 3rd quarter valued at $35,871,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of M/I Homes by 5.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 228,931 shares of the construction company’s stock valued at $25,668,000 after purchasing an additional 10,898 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Performance

Shares of MHO opened at $129.92 on Monday. The company has a market capitalization of $3.32 billion, a PE ratio of 9.78 and a beta of 1.65. M/I Homes, Inc. has a one year low of $103.52 and a one year high of $158.92. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. The company’s fifty day moving average price is $126.08 and its 200 day moving average price is $131.68.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MHO shares. Weiss Ratings restated a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. Oppenheimer set a $165.00 price target on shares of M/I Homes in a report on Friday, January 30th. Citigroup restated a “market outperform” rating on shares of M/I Homes in a report on Friday, January 30th. Zacks Research downgraded shares of M/I Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

M/I Homes Company Profile

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.