Edgestream Partners L.P. Raises Position in M/I Homes, Inc. (NYSE:MHO)

Edgestream Partners L.P. raised its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 764.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,612 shares of the construction company's stock after purchasing an additional 14,690 shares during the period. Edgestream Partners L.P. owned 0.06% of M/I Homes worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in MHO. Fifth Third Bancorp lifted its stake in shares of M/I Homes by 38.3% in the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock valued at $43,000 after acquiring an additional 105 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in M/I Homes during the 4th quarter valued at $50,000. GAMMA Investing LLC lifted its holdings in shares of M/I Homes by 57.6% during 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 during the period. National Bank of Canada FI raised its holdings in M/I Homes by 72.4% in the 4th quarter. National Bank of Canada FI now owns 855 shares of the construction company's stock worth $114,000 after purchasing an additional 359 shares during the period. Finally, CWM LLC raised its holdings in M/I Homes by 75.2% in the 1st quarter. CWM LLC now owns 1,284 shares of the construction company's stock worth $147,000 after purchasing an additional 551 shares during the period. 95.14% of the stock is owned by institutional investors.

M/I Homes Trading Up 0.3%

NYSE MHO opened at $115.74 on Friday. 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 0.31, a current ratio of 7.43 and a quick ratio of 1.79. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 6.12 and a beta of 1.64. The firm's fifty day moving average price is $110.90 and its 200 day moving average price is $115.85.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). The company 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 18.62% and a net margin of 12.11%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.78 EPS. On average, sell-side analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

MHO has been the subject of a number of research analyst reports. Raymond James Financial cut their price objective on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th. Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

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.

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