Aristides Capital LLC Makes New Investment in M/I Homes, Inc. $MHO

Key Points

• Aristides Capital LLC acquired a new position in M/I Homes, purchasing 2,356 shares worth approximately $269,000 in the first quarter.
• Institutional investors own 95.14% of M/I Homes stock, indicating strong confidence in the company from major financial entities.
• Several analysts have upgraded their ratings on M/I Homes, with a consensus target price of $162.50 and mixed recommendations from different analysts.

Aristides Capital LLC bought a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,356 shares of the construction company's stock, valued at approximately $269,000.

A number of other institutional investors have also added to or reduced their stakes in MHO. Fifth Third Bancorp increased its position in M/I Homes by 38.3% during the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock valued at $43,000 after purchasing an additional 105 shares during the period. Covestor Ltd increased its position in M/I Homes by 134.8% during the 1st quarter. Covestor Ltd now owns 655 shares of the construction company's stock valued at $75,000 after purchasing an additional 376 shares during the period. GAMMA Investing LLC boosted its holdings in shares of M/I Homes by 57.6% in the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company's stock valued at $105,000 after buying an additional 336 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of M/I Homes by 36.1% in the 1st quarter. National Bank of Canada FI now owns 1,164 shares of the construction company's stock valued at $133,000 after buying an additional 309 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of M/I Homes by 75.2% in the 1st quarter. CWM LLC now owns 1,284 shares of the construction company's stock valued at $147,000 after buying an additional 551 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Price Performance

NYSE MHO traded up $1.04 on Friday, hitting $147.45. The company had a trading volume of 248,865 shares, compared to its average volume of 288,042. The company has a market capitalization of $3.95 billion, a PE ratio of 8.10 and a beta of 1.60. The company's fifty day moving average price is $125.99 and its 200-day moving average price is $116.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.78. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results 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). M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. The firm's revenue was up 4.8% on a year-over-year basis. As a group, analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MHO. Zacks Research upgraded shares of M/I Homes to a "strong sell" rating in a report on Tuesday, August 12th. Zelman & Associates raised shares of M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, M/I Homes currently has an average rating of "Buy" and an average price target of $162.50.

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.