Millennium Management LLC Boosts Holdings in M/I Homes, Inc. $MHO

Millennium Management LLC raised its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 109.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 500,207 shares of the construction company's stock after acquiring an additional 261,381 shares during the quarter. Millennium Management LLC owned 1.87% of M/I Homes worth $57,114,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MHO. Deutsche Bank AG lifted its holdings in M/I Homes by 19.7% in the fourth quarter. Deutsche Bank AG now owns 47,617 shares of the construction company's stock valued at $6,331,000 after acquiring an additional 7,832 shares during the period. Graham Capital Management L.P. acquired a new stake in M/I Homes in the fourth quarter valued at $548,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in M/I Homes by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,165 shares of the construction company's stock valued at $2,016,000 after acquiring an additional 608 shares during the period. Man Group plc lifted its holdings in M/I Homes by 45.3% in the fourth quarter. Man Group plc now owns 23,989 shares of the construction company's stock valued at $3,189,000 after acquiring an additional 7,477 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of M/I Homes by 44.2% during the 4th quarter. ProShare Advisors LLC now owns 8,040 shares of the construction company's stock worth $1,069,000 after buying an additional 2,466 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

MHO has been the subject of several research reports. Zacks Research raised M/I Homes to a "strong sell" rating in a research note on Tuesday, August 12th. Zelman & Associates raised M/I Homes from a "neutral" rating to an "outperform" rating in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $162.50.

M/I Homes Price Performance

M/I Homes stock traded down $2.52 during midday trading on Friday, reaching $154.42. 263,361 shares of the company were exchanged, compared to its average volume of 245,233. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 8.48 and a beta of 1.66. The firm's 50-day simple moving average is $133.82 and its 200-day simple moving average is $118.90. M/I Homes, Inc. has a 1 year low of $100.22 and a 1 year high of $176.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.78 and a current ratio of 7.21.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 EPS for the quarter, missing analysts' consensus estimates of $4.43 by ($0.01). The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The company's revenue was up 4.8% on a year-over-year basis. On average, analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current year.

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.