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

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

A number of other large investors have also made changes to their positions in the company. Donald Smith & CO. Inc. increased its position in shares of M/I Homes by 6.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock valued at $154,779,000 after buying an additional 65,771 shares in the last quarter. American Century Companies Inc. increased its position in shares of M/I Homes by 2.4% in the 4th quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock valued at $113,063,000 after buying an additional 20,055 shares in the last quarter. Franklin Resources Inc. increased its position in shares of M/I Homes by 2.3% in the 4th quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock valued at $91,402,000 after buying an additional 15,685 shares in the last quarter. Northern Trust Corp increased its position in shares of M/I Homes by 8.4% in the 4th quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock valued at $46,134,000 after buying an additional 26,820 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of M/I Homes by 42.5% in the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock valued at $36,544,000 after buying an additional 81,964 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

M/I Homes Stock Up 0.8%

MHO stock traded up $0.92 during trading hours on Wednesday, reaching $115.23. 339,654 shares of the stock were exchanged, compared to its average volume of 289,334. The firm's 50-day moving average is $110.67 and its 200-day moving average is $115.97. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 6.09 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. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last released its earnings results 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 return on equity of 18.62% and a net margin of 12.11%. The firm had revenue of $976.09 million for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $4.78 EPS. M/I Homes's revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen cut M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Raymond James Financial lowered their target price on 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 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.