1492 Capital Management LLC Buys Shares of 7,656 M/I Homes, Inc. (NYSE:MHO)

1492 Capital Management LLC bought a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,656 shares of the construction company's stock, valued at approximately $874,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC increased its stake in M/I Homes by 46.1% during the 4th quarter. HighTower Advisors LLC now owns 3,795 shares of the construction company's stock valued at $505,000 after buying an additional 1,198 shares during the period. Commonwealth Equity Services LLC lifted its holdings in M/I Homes by 14.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,584 shares of the construction company's stock valued at $211,000 after acquiring an additional 201 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in M/I Homes by 9.4% in the 4th quarter. Corient Private Wealth LLC now owns 2,403 shares of the construction company's stock valued at $319,000 after acquiring an additional 207 shares during the last quarter. Xponance Inc. lifted its holdings in M/I Homes by 10.7% in the 4th quarter. Xponance Inc. now owns 1,922 shares of the construction company's stock valued at $256,000 after acquiring an additional 185 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in M/I Homes by 8.0% in the 4th quarter. Teacher Retirement System of Texas now owns 24,900 shares of the construction company's stock valued at $3,310,000 after acquiring an additional 1,846 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Trading Up 1.1%

MHO traded up $1.31 during trading on Friday, reaching $122.41. The company had a trading volume of 274,101 shares, compared to its average volume of 316,900. The firm's 50-day simple moving average is $111.88 and its 200 day simple moving average is $115.31. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 6.72 and a beta of 1.64. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.79 and a current ratio of 6.95.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.43 by ($0.01). The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%. M/I Homes's quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

MHO has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Raymond James Financial cut their price target on shares of 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.

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.