GSA Capital Partners LLP Reduces Stock Position in M/I Homes, Inc. (NYSE:MHO)

Key Points

• GSA Capital Partners LLP reduced its stake in M/I Homes by 33.3%, selling 2,646 shares and leaving them with 5,302 shares valued at approximately $605,000.
• Multiple hedge funds have increased their holdings in M/I Homes, with National Bank of Canada FI boosting its stake by 72.4% during the last quarter.
• M/I Homes reported a quarterly earnings miss with $4.42 EPS, slightly below the consensus estimate, but achieved a revenue of $1.16 billion, slightly above expectations.

GSA Capital Partners LLP lowered its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 33.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,302 shares of the construction company's stock after selling 2,646 shares during the quarter. GSA Capital Partners LLP's holdings in M/I Homes were worth $605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp raised its holdings in M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock worth $43,000 after purchasing an additional 105 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in M/I Homes during the 4th quarter valued at about $50,000. GAMMA Investing LLC lifted its position in 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 acquiring an additional 336 shares in the last quarter. National Bank of Canada FI lifted its position 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 valued at $114,000 after acquiring an additional 359 shares in the last quarter. Finally, CWM LLC boosted its position in shares of M/I Homes by 75.2% during the first quarter. CWM LLC now owns 1,284 shares of the construction company's stock valued at $147,000 after buying an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MHO shares. Wall Street Zen cut M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Raymond James Financial lowered 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.

M/I Homes Price Performance

MHO traded up $3.64 on Tuesday, hitting $129.91. 337,111 shares of the company's stock traded hands, compared to its average volume of 351,494. The company's 50 day simple moving average is $113.68 and its 200-day simple moving average is $114.80. The company has a current ratio of 7.21, a quick ratio of 1.78 and a debt-to-equity ratio of 0.32. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 7.13 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 net margin of 11.40% and a return on equity of 17.23%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. The company's quarterly revenue was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current year.

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.