Voss Capital LLC Acquires New Shares in M/I Homes, Inc. (NYSE:MHO)

Voss Capital LLC acquired a new stake in shares of M/I Homes, Inc. (NYSE:MHO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 25,000 shares of the construction company’s stock, valued at approximately $3,444,000. Voss Capital LLC owned about 0.09% of M/I Homes at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MHO. JPMorgan Chase & Co. lifted its holdings in M/I Homes by 10.1% in the first quarter. JPMorgan Chase & Co. now owns 135,328 shares of the construction company’s stock valued at $6,001,000 after acquiring an additional 12,383 shares during the period. Raymond James & Associates lifted its holdings in M/I Homes by 9.0% in the first quarter. Raymond James & Associates now owns 41,642 shares of the construction company’s stock valued at $1,847,000 after acquiring an additional 3,425 shares during the period. Bank of New York Mellon Corp lifted its holdings in M/I Homes by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 351,226 shares of the construction company’s stock valued at $15,578,000 after acquiring an additional 4,106 shares during the period. American Century Companies Inc. lifted its holdings in M/I Homes by 21.3% in the first quarter. American Century Companies Inc. now owns 42,122 shares of the construction company’s stock valued at $1,868,000 after acquiring an additional 7,390 shares during the period. Finally, US Bancorp DE lifted its holdings in M/I Homes by 10.6% in the first quarter. US Bancorp DE now owns 3,332 shares of the construction company’s stock valued at $148,000 after acquiring an additional 318 shares during the period. Institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

MHO has been the topic of several recent research reports. Wedbush downgraded M/I Homes from an “outperform” rating to a “neutral” rating and set a $116.00 price objective on the stock. in a research note on Monday, December 18th. StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research note on Monday, February 19th.

Insider Activity at M/I Homes

In related news, insider Ann Marie Hunker sold 2,461 shares of M/I Homes stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total transaction of $316,263.11. Following the sale, the insider now owns 2,342 shares of the company’s stock, valued at approximately $300,970.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.10% of the stock is owned by corporate insiders.

M/I Homes Stock Performance

Shares of NYSE MHO traded down $2.15 during trading on Monday, hitting $115.61. The company had a trading volume of 234,072 shares, compared to its average volume of 270,316. The stock has a 50 day simple moving average of $124.51 and a 200 day simple moving average of $114.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.68 and a current ratio of 6.84. M/I Homes, Inc. has a 12 month low of $61.35 and a 12 month high of $140.73. The firm has a market capitalization of $3.21 billion, a P/E ratio of 7.12 and a beta of 2.13.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.94 by ($1.28). The business had revenue of $972.59 million for the quarter, compared to the consensus estimate of $1.19 billion. M/I Homes had a net margin of 11.54% and a return on equity of 19.75%. As a group, analysts anticipate that M/I Homes, Inc. will post 16.35 earnings per share for the current year.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.