MQS Management LLC Acquires New Position in M/I Homes, Inc. $MHO

MQS Management LLC acquired a new stake in M/I Homes, Inc. (NYSE:MHO) in the fourth quarter, Holdings Channel reports. The firm acquired 4,173 shares of the construction company’s stock, valued at approximately $534,000.

A number of other institutional investors have also recently made changes to their positions in MHO. Jones Financial Companies Lllp grew its holdings 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 purchasing an additional 87 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of M/I Homes by 90.6% in 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 in the last quarter. WealthCollab LLC grew its holdings in shares of M/I Homes by 16.5% in the second quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock valued at $69,000 after purchasing an additional 87 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings 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 valued at $69,000 after purchasing an additional 166 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of M/I Homes in the third quarter valued at approximately $87,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Up 0.7%

MHO stock opened at $129.92 on Friday. The company has a current ratio of 8.40, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. M/I Homes, Inc. has a twelve month low of $103.52 and a twelve month high of $158.92. The company’s 50 day moving average is $126.08 and its two-hundred day moving average is $131.64. The stock has a market cap of $3.32 billion, a P/E ratio of 9.78 and a beta of 1.65.

M/I Homes (NYSE:MHO) last released its quarterly earnings data 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 return on equity of 12.91% and a net margin of 8.24%.The company had revenue of $920.71 million for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business posted $3.98 EPS. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. Research analysts expect that M/I Homes, Inc. will post 12.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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