M/I Homes, Inc. $MHO Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 74.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,229 shares of the construction company’s stock after acquiring an additional 9,032 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.08% of M/I Homes worth $2,599,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its position in shares of M/I Homes by 46.3% during the 1st quarter. Royal Bank of Canada now owns 29,774 shares of the construction company’s stock worth $3,400,000 after purchasing an additional 9,422 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of M/I Homes by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,868 shares of the construction company’s stock valued at $1,812,000 after buying an additional 703 shares during the period. United Services Automobile Association purchased a new stake in shares of M/I Homes during the 1st quarter worth approximately $205,000. Strs Ohio purchased a new position in shares of M/I Homes during the 1st quarter worth approximately $114,000. Finally, EverSource Wealth Advisors LLC grew its holdings 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 worth $32,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Performance

Shares of MHO stock opened at $150.16 on Wednesday. M/I Homes, Inc. has a one year low of $110.94 and a one year high of $163.66. The stock has a market capitalization of $3.84 billion, a PE ratio of 11.31 and a beta of 1.60. The business’s 50 day simple moving average is $139.29 and its 200 day simple moving average is $134.73. 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 data on Wednesday, April 22nd. The construction company reported $2.55 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). The firm had revenue of $920.71 million during the quarter, compared to analyst estimates 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 period last year, the business posted $3.98 EPS. As a group, research analysts forecast that M/I Homes, Inc. will post 12.6 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Zelman & Associates downgraded M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th. Freedom Capital upgraded shares of M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, M/I Homes has an average rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes 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.