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

GAMMA Investing LLC lifted its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 17,898.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,931 shares of the construction company's stock after buying an additional 104,348 shares during the period. GAMMA Investing LLC owned about 0.39% of M/I Homes worth $11,981,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vontobel Holding Ltd. raised its position in 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 in the last quarter. Congress Asset Management Co. increased its holdings in shares of M/I Homes by 11.7% during the fourth quarter. Congress Asset Management Co. now owns 51,248 shares of the construction company's stock worth $6,813,000 after buying an additional 5,379 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of M/I Homes by 283.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company's stock worth $88,000 after buying an additional 493 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of M/I Homes by 9.4% during the fourth quarter. Corient Private Wealth LLC now owns 2,403 shares of the construction company's stock worth $319,000 after buying an additional 207 shares in the last quarter. Finally, Shaker Investments LLC OH increased its holdings in shares of M/I Homes by 21.8% during the fourth quarter. Shaker Investments LLC OH now owns 18,396 shares of the construction company's stock worth $2,446,000 after buying an additional 3,287 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

M/I Homes Trading Down 2.3%

MHO stock traded down $2.49 during midday trading on Friday, hitting $106.97. The stock had a trading volume of 214,003 shares, compared to its average volume of 285,715. The firm has a market cap of $2.87 billion, a P/E ratio of 5.43 and a beta of 1.65. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The business has a fifty day moving average price of $108.13 and a two-hundred day moving average price of $123.88.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). The firm 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 20.20% and a net margin of 12.51%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $4.78 earnings per share. On average, sell-side analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MHO. Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Raymond James lowered their target price 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.

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.