Militia Capital Management LLC Invests $2.82 Million in M/I Homes, Inc. $MHO

Militia Capital Management LLC acquired a new stake in M/I Homes, Inc. (NYSE:MHO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 23,000 shares of the construction company’s stock, valued at approximately $2,816,000.

A number of other hedge funds have also made changes to their positions in MHO. Donald Smith & CO. Inc. lifted its position in M/I Homes by 5.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,463,340 shares of the construction company’s stock worth $187,234,000 after purchasing an additional 82,090 shares during the period. State Street Corp increased its position in shares of M/I Homes by 2.2% during the 4th quarter. State Street Corp now owns 1,337,188 shares of the construction company’s stock valued at $171,093,000 after purchasing an additional 28,187 shares during the period. Millennium Management LLC increased its position in shares of M/I Homes by 107.5% during the 4th quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock valued at $55,592,000 after purchasing an additional 225,120 shares during the period. Royce & Associates LP raised its stake in shares of M/I Homes by 5.3% in the 4th quarter. Royce & Associates LP now owns 326,606 shares of the construction company’s stock worth $41,789,000 after buying an additional 16,445 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of M/I Homes by 116.4% in the 3rd 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. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $148.56 on Thursday. M/I Homes, Inc. has a one year low of $116.78 and a one year high of $163.66. The stock has a fifty day moving average of $143.08 and a 200-day moving average of $136.23. The company has a market capitalization of $3.80 billion, a PE ratio of 11.19 and a beta of 1.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 8.40.

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 the consensus estimate of $2.64 by ($0.09). The company had revenue of $920.71 million for 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 period in the prior year, the business earned $3.98 earnings per share. As a group, equities analysts anticipate that M/I Homes, Inc. will post 12.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MHO. Zelman & Associates lowered M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Freedom Capital raised M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. Finally, Seaport Research Partners restated a “neutral” rating on shares of M/I Homes in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned 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 price target 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.