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

Millennium Management LLC raised its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 85.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 238,826 shares of the construction company's stock after buying an additional 110,086 shares during the quarter. Millennium Management LLC owned about 0.86% of M/I Homes worth $31,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MHO. Barclays PLC lifted its position in M/I Homes by 45.7% during the third quarter. Barclays PLC now owns 126,577 shares of the construction company's stock valued at $21,690,000 after buying an additional 39,711 shares during the period. Arkadios Wealth Advisors lifted its position in M/I Homes by 4.2% during the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock valued at $296,000 after buying an additional 90 shares during the period. Ellsworth Advisors LLC lifted its position in M/I Homes by 11.8% during the fourth quarter. Ellsworth Advisors LLC now owns 3,936 shares of the construction company's stock valued at $523,000 after buying an additional 415 shares during the period. Janney Montgomery Scott LLC raised its position in shares of M/I Homes by 35.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,636 shares of the construction company's stock worth $483,000 after purchasing an additional 942 shares during the last quarter. Finally, Inspire Investing LLC raised its position in shares of M/I Homes by 23.4% in the 4th quarter. Inspire Investing LLC now owns 2,992 shares of the construction company's stock worth $398,000 after purchasing an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Stock Up 0.3%

Shares of MHO traded up $0.28 during trading hours on Friday, hitting $106.58. The company had a trading volume of 181,131 shares, compared to its average volume of 284,953. The firm has a fifty day moving average price of $109.99 and a 200-day moving average price of $127.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 5.41 and a beta of 1.75. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (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 analysts' expectations of $1.12 billion. During the same period in the prior year, the firm earned $4.78 EPS. M/I Homes's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MHO has been the subject of several recent analyst reports. Raymond James lowered their price target on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Wall Street Zen lowered M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th.

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.