Petrus Trust Company LTA Acquires New Position in M/I Homes, Inc. $MHO

Key Points

• Petrus Trust Company LTA acquired a new stake in M/I Homes, Inc. during the 1st quarter, purchasing 9,109 shares valued at approximately $1,040,000.
• Institutional investors hold a significant majority of M/I Homes, owning 95.14% of the company's stock.
• Despite a revenue increase of 4.8% year-over-year, M/I Homes reported earnings per share of $4.42, slightly below the consensus estimate.

Petrus Trust Company LTA purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,109 shares of the construction company's stock, valued at approximately $1,040,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northern Trust Corp increased its holdings 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 worth $46,134,000 after buying an additional 26,820 shares during the last quarter. BOKF NA boosted its position in M/I Homes by 5.5% in the 4th quarter. BOKF NA now owns 3,396 shares of the construction company's stock valued at $422,000 after buying an additional 176 shares during the period. Deutsche Bank AG grew its stake 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 worth $6,331,000 after purchasing an additional 7,832 shares in the last quarter. Graham Capital Management L.P. bought a new position in M/I Homes in the fourth quarter worth approximately $548,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 worth $2,016,000 after purchasing an additional 608 shares in the last quarter. Institutional investors own 95.14% of the company's stock.

M/I Homes Trading Down 2.6%

M/I Homes stock traded down $4.06 during midday trading on Tuesday, hitting $153.16. 267,886 shares of the stock were exchanged, compared to its average volume of 267,091. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 8.41 and a beta of 1.66. The stock's 50-day simple moving average is $131.54 and its 200 day simple moving average is $118.16. The company has a current ratio of 7.21, a quick ratio of 1.78 and a debt-to-equity ratio of 0.32.

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

Analyst Ratings Changes

MHO has been the topic of a number of recent analyst reports. Zacks Research raised M/I Homes to a "strong sell" rating in a research report on Tuesday, August 12th. Zelman & Associates upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, M/I Homes currently has a consensus rating of "Buy" and a consensus target price of $162.50.

About M/I Homes

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.