GAMMA Investing LLC Acquires 104,348 Shares of M/I Homes, Inc. (NYSE:MHO)

GAMMA Investing LLC increased its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 17,898.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,931 shares of the construction company's stock after buying an additional 104,348 shares during the period. GAMMA Investing LLC owned 0.39% of M/I Homes worth $11,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Janney Montgomery Scott LLC raised its holdings in M/I Homes by 35.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,636 shares of the construction company's stock valued at $483,000 after acquiring an additional 942 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of M/I Homes by 6.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 30,571 shares of the construction company's stock worth $4,064,000 after purchasing an additional 1,756 shares in the last quarter. Shaker Investments LLC OH increased its position in shares of M/I Homes by 21.8% in the fourth quarter. Shaker Investments LLC OH now owns 18,396 shares of the construction company's stock worth $2,446,000 after purchasing an additional 3,287 shares during the period. Vontobel Holding Ltd. increased its position in shares of M/I Homes by 107.2% in the fourth quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company's stock worth $734,000 after purchasing an additional 2,858 shares during the period. Finally, Rhumbline Advisers raised its stake in M/I Homes by 2.4% in the fourth quarter. Rhumbline Advisers now owns 87,708 shares of the construction company's stock valued at $11,661,000 after purchasing an additional 2,085 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

M/I Homes Price Performance

MHO stock traded up $3.28 during midday trading on Tuesday, reaching $112.15. 157,198 shares of the stock were exchanged, compared to its average volume of 285,508. The stock has a market capitalization of $3.00 billion, a PE ratio of 5.69 and a beta of 1.65. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The company has a fifty day moving average price of $107.99 and a 200 day moving average price of $123.08.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. 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 earnings per share. As a group, analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MHO shares. Raymond James reduced their price objective on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 29th. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

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.