Entropy Technologies LP Invests $693,000 in M/I Homes, Inc. (NYSE:MHO)

Key Points

• Entropy Technologies LP has acquired 6,067 shares of M/I Homes, Inc., valued at approximately $693,000, during the first quarter of the year.
• Institutional investors own a significant 95.14% of M/I Homes stock, with multiple firms boosting their stakes significantly in recent quarters.
• M/I Homes reported $1.16 billion in revenue for the last quarter, exceeding analysts' expectations, with a 4.8% year-over-year growth.

Entropy Technologies LP bought a new position in M/I Homes, Inc. (NYSE:MHO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,067 shares of the construction company's stock, valued at approximately $693,000.

Several other hedge funds also recently made changes to their positions in MHO. Millennium Management LLC grew its position in shares of M/I Homes by 85.5% in the 4th quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock worth $31,752,000 after acquiring an additional 110,086 shares in the last quarter. GAMMA Investing LLC grew its position in shares of M/I Homes by 17,898.5% in the 1st quarter. GAMMA Investing LLC now owns 104,931 shares of the construction company's stock worth $11,981,000 after acquiring an additional 104,348 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of M/I Homes by 77.5% in the 1st quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company's stock worth $26,155,000 after acquiring an additional 100,029 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of M/I Homes by 81.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 196,921 shares of the construction company's stock worth $22,484,000 after acquiring an additional 88,545 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in M/I Homes by 431.3% during the 1st quarter. Cerity Partners LLC now owns 91,324 shares of the construction company's stock valued at $10,427,000 after purchasing an additional 74,136 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

M/I Homes Stock Performance

MHO stock traded down $0.25 during trading on Friday, reaching $142.58. 243,313 shares of the company's stock were exchanged, compared to its average volume of 326,354. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The company's fifty day moving average price is $118.66 and its 200-day moving average price is $114.90. The firm has a market cap of $3.82 billion, a PE ratio of 7.83 and a beta of 1.60.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company's revenue was up 4.8% on a year-over-year basis. On average, research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analyst Ratings Changes

MHO has been the subject of a number of analyst reports. Zacks Research upgraded M/I Homes to a "strong sell" rating in a research report on Tuesday, August 12th. Zelman & Associates upgraded M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday. Raymond James Financial reduced 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. Finally, Wall Street Zen lowered M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $162.50.

M/I Homes 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.