M/I Homes, Inc. $MHO Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in M/I Homes by 63.5%, owning 50,090 shares valued at approximately $5.72 million as of the latest SEC filing.
• M/I Homes stock hit a 12-month high of $176.18, but the company reported earnings of $4.42 per share, missing analysts' expectations by $0.01.
• Institutional investors control 95.14% of M/I Homes stock, reflecting strong support and interest from the investment community.

Quantbot Technologies LP increased its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 63.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,090 shares of the construction company's stock after purchasing an additional 19,452 shares during the quarter. Quantbot Technologies LP owned 0.19% of M/I Homes worth $5,719,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MHO. Fifth Third Bancorp increased its position in shares of M/I Homes by 38.3% in the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock valued at $43,000 after buying an additional 105 shares in the last quarter. Covestor Ltd grew its stake in M/I Homes by 134.8% in the 1st quarter. Covestor Ltd now owns 655 shares of the construction company's stock valued at $75,000 after acquiring an additional 376 shares during the last quarter. GAMMA Investing LLC increased its holdings in M/I Homes by 57.6% during the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company's stock valued at $105,000 after acquiring an additional 336 shares in the last quarter. National Bank of Canada FI raised its position in M/I Homes by 36.1% during the first quarter. National Bank of Canada FI now owns 1,164 shares of the construction company's stock worth $133,000 after acquiring an additional 309 shares during the last quarter. Finally, State of Wyoming acquired a new position in M/I Homes during the fourth quarter worth about $162,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MHO. Zacks Research upgraded shares of M/I Homes to a "strong sell" rating in a research report on Tuesday, August 12th. Raymond James Financial reduced their target price on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen cut M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Finally, Zelman & Associates raised M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $162.50.

M/I Homes Trading Up 5.9%

Shares of NYSE:MHO traded up $8.1930 during trading on Friday, reaching $146.9630. The stock had a trading volume of 372,000 shares, compared to its average volume of 304,852. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.94 billion, a P/E ratio of 8.07 and a beta of 1.60. The business has a fifty day moving average price of $121.90 and a 200-day moving average price of $115.57. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $4.42 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 during the quarter, compared to analysts' expectations of $1.12 billion. The firm's quarterly revenue was up 4.8% on a year-over-year basis. As a group, analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

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.