Mattson Financial Services LLC Increases Stock Position in M/I Homes, Inc. $MHO

Mattson Financial Services LLC increased its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 233.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,182 shares of the construction company’s stock after purchasing an additional 6,428 shares during the quarter. Mattson Financial Services LLC’s holdings in M/I Homes were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MHO. Hilton Head Capital Partners LLC purchased a new stake in M/I Homes in the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its stake in shares of M/I Homes by 73.1% in the third quarter. Jones Financial Companies Lllp now owns 206 shares of the construction company’s stock valued at $30,000 after buying an additional 87 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of M/I Homes by 90.6% during the second quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after purchasing an additional 135 shares during the period. WealthCollab LLC increased its stake in M/I Homes by 16.5% during the 2nd quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock worth $69,000 after buying an additional 87 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of M/I Homes by 53.7% in the third quarter. CIBC Private Wealth Group LLC now owns 475 shares of the construction company’s stock worth $69,000 after acquiring an additional 166 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 NYSE MHO opened at $142.09 on Friday. M/I Homes, Inc. has a fifty-two week low of $103.52 and a fifty-two week high of $158.92. The stock has a market cap of $3.64 billion, a P/E ratio of 10.70 and a beta of 1.62. The firm’s 50-day simple moving average is $129.53 and its 200 day simple moving average is $132.53. The company has a quick ratio of 1.95, a current ratio of 8.40 and a debt-to-equity ratio of 0.30.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on MHO. Seaport Research Partners restated a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Finally, Zacks Research cut M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.