5,436 Shares in M/I Homes, Inc. $MHO Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC acquired a new stake in M/I Homes, purchasing 5,436 shares valued at approximately $621,000.
• Institutions like Donald Smith & CO. Inc. and Allianz Asset Management GmbH increased their stakes significantly, indicating strong institutional interest, with 95.14% of the stock owned by hedge funds and institutional investors.
• M/I Homes reported a 4.8% increase in revenue year-over-year despite a slight earnings miss, with shares currently having a consensus rating of "Buy" and a target price of $162.50.

Ieq Capital LLC purchased a new stake in M/I Homes, Inc. (NYSE:MHO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,436 shares of the construction company's stock, valued at approximately $621,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Donald Smith & CO. Inc. boosted its holdings in shares of M/I Homes by 10.2% during the 1st quarter. Donald Smith & CO. Inc. now owns 1,282,967 shares of the construction company's stock valued at $146,489,000 after acquiring an additional 118,778 shares in the last quarter. Millennium Management LLC lifted its stake in M/I Homes by 85.5% in the fourth quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock valued at $31,752,000 after purchasing an additional 110,086 shares during the last quarter. GAMMA Investing LLC lifted its stake in M/I Homes by 17,898.5% in the first quarter. GAMMA Investing LLC now owns 104,931 shares of the construction company's stock valued at $11,981,000 after purchasing an additional 104,348 shares during the last quarter. Nuveen LLC bought a new stake in M/I Homes during the 1st quarter valued at $11,829,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of M/I Homes by 77.5% in the first quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company's stock worth $26,155,000 after purchasing an additional 100,029 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Price Performance

NYSE:MHO traded up $0.38 during mid-day trading on Monday, reaching $157.29. 125,532 shares of the stock were exchanged, compared to its average volume of 281,795. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The firm has a market capitalization of $4.21 billion, a PE ratio of 8.64 and a beta of 1.66. The company has a current ratio of 7.21, a quick ratio of 1.78 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average price of $129.91 and a 200 day moving average price of $117.63.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The business's revenue was up 4.8% compared to the same quarter last year. Research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Zelman & Associates raised shares of M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Zacks Research upgraded shares of M/I Homes to a "strong sell" rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, M/I Homes currently has a consensus rating of "Buy" and a consensus target price of $162.50.

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.