Crestline Management LP Invests $4.30 Million in M/I Homes, Inc. (NYSE:MHO)

Crestline Management LP purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 32,344 shares of the construction company's stock, valued at approximately $4,300,000. Crestline Management LP owned about 0.12% of M/I Homes at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MHO. Hennessy Advisors Inc. purchased a new stake in M/I Homes in the fourth quarter worth $43,674,000. Royce & Associates LP lifted its holdings in M/I Homes by 42.5% in the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock valued at $36,544,000 after acquiring an additional 81,964 shares during the period. Raymond James Financial Inc. purchased a new stake in M/I Homes in the fourth quarter worth about $10,672,000. Donald Smith & CO. Inc. grew its position in shares of M/I Homes by 6.0% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock worth $154,779,000 after purchasing an additional 65,771 shares in the last quarter. Finally, Barclays PLC grew its holdings in M/I Homes by 34.1% during the 4th quarter. Barclays PLC now owns 169,796 shares of the construction company's stock valued at $22,574,000 after buying an additional 43,219 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

MHO has been the topic of several research reports. Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Raymond James reduced their price target on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th. Finally, StockNews.com cut M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

M/I Homes Trading Up 3.0%

NYSE:MHO traded up $3.30 during trading hours on Monday, reaching $112.55. 77,324 shares of the stock were exchanged, compared to its average volume of 284,793. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 5.72 and a beta of 1.75. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The business has a 50-day moving average of $111.64 and a two-hundred day moving average of $130.20.

M/I Homes (NYSE:MHO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.16 by ($0.18). The firm had revenue of $976.09 million for the quarter, compared to analysts' expectations of $1.12 billion. M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $4.78 EPS. On average, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current year.

About M/I Homes

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.