MQS Management LLC Acquires New Holdings in M/I Homes, Inc. (NYSE:MHO)

MQS Management LLC acquired a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,995 shares of the construction company's stock, valued at approximately $685,000.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in M/I Homes by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 144,678 shares of the construction company's stock valued at $16,519,000 after purchasing an additional 3,698 shares in the last quarter. GAMMA Investing LLC grew its position in shares of M/I Homes by 57.6% in the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company's stock worth $105,000 after acquiring an additional 336 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of M/I Homes by 17.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,205 shares of the construction company's stock worth $594,000 after acquiring an additional 763 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of M/I Homes by 44.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,707 shares of the construction company's stock worth $880,000 after acquiring an additional 2,363 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of M/I Homes by 38.3% in the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock worth $43,000 after acquiring an additional 105 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on MHO. Wall Street Zen lowered M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Raymond James Financial decreased their target price 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.

M/I Homes Stock Performance

NYSE:MHO traded up $0.15 during midday trading on Friday, reaching $121.18. 469,964 shares of the company traded hands, compared to its average volume of 287,781. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 6.41 and a beta of 1.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 7.43 and a quick ratio of 1.79. The company has a fifty day moving average price of $110.36 and a 200 day moving average price of $116.22.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). M/I Homes had a net margin of 12.11% and a return on equity of 18.62%. The company had revenue of $976.09 million for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm earned $4.78 EPS. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal 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.