Millennium Management LLC Purchases 110,086 Shares of M/I Homes, Inc. (NYSE:MHO)

Millennium Management LLC increased its stake in M/I Homes, Inc. (NYSE:MHO - Free Report) by 85.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 238,826 shares of the construction company's stock after purchasing an additional 110,086 shares during the quarter. Millennium Management LLC owned approximately 0.86% of M/I Homes worth $31,752,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MHO. Arkadios Wealth Advisors increased its position in M/I Homes by 4.2% in the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock worth $296,000 after buying an additional 90 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of M/I Homes by 3.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company's stock worth $371,000 after acquiring an additional 98 shares during the period. Bay Rivers Group increased its holdings in M/I Homes by 2.7% in the 4th quarter. Bay Rivers Group now owns 4,911 shares of the construction company's stock worth $653,000 after acquiring an additional 128 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in M/I Homes by 5.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company's stock valued at $324,000 after acquiring an additional 131 shares during the period. Finally, Nvest Financial LLC raised its stake in M/I Homes by 7.8% in the 4th quarter. Nvest Financial LLC now owns 1,822 shares of the construction company's stock valued at $242,000 after acquiring an additional 132 shares during the period. Institutional investors own 95.14% of the company's stock.

M/I Homes Stock Performance

Shares of NYSE MHO traded down $0.07 during mid-day trading on Thursday, hitting $106.32. The company had a trading volume of 271,663 shares, compared to its average volume of 284,632. 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 company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 5.39 and a beta of 1.75. The stock's 50-day moving average price is $110.37 and its 200-day moving average price is $128.15.

M/I Homes (NYSE:MHO - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The company had revenue of $976.09 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business earned $4.78 EPS. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

MHO has been the subject of a number of research reports. Wall Street Zen lowered shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Finally, Raymond James cut their price objective 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.