Quantbot Technologies LP Acquires 19,452 Shares of M/I Homes, Inc. $MHO

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 raised its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 63.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,090 shares of the construction company's stock after acquiring an additional 19,452 shares during the period. Quantbot Technologies LP owned approximately 0.19% of M/I Homes worth $5,719,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of M/I Homes by 38.3% during the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company's stock worth $43,000 after acquiring an additional 105 shares during the period. Covestor Ltd boosted its holdings in shares of M/I Homes by 134.8% during the first quarter. Covestor Ltd now owns 655 shares of the construction company's stock worth $75,000 after acquiring an additional 376 shares during the period. GAMMA Investing LLC boosted its holdings in shares of M/I Homes by 57.6% during the first quarter. GAMMA Investing LLC now owns 919 shares of the construction company's stock worth $105,000 after acquiring an additional 336 shares during the period. National Bank of Canada FI raised its position in shares of M/I Homes by 36.1% in the first quarter. National Bank of Canada FI now owns 1,164 shares of the construction company's stock valued at $133,000 after buying an additional 309 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of M/I Homes in the fourth quarter valued at approximately $162,000. Institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MHO shares. Zelman & Associates upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Zacks Research upgraded shares of M/I Homes to a "strong sell" rating in a research report on Tuesday, August 12th. Finally, Raymond James Financial lowered their price objective on shares of 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. Two research 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $162.50.

M/I Homes Price Performance

Shares of NYSE:MHO traded up $8.1930 during trading on Friday, hitting $146.9630. 372,000 shares of the company were exchanged, compared to its average volume of 309,747. The business's 50 day moving average is $121.90 and its 200-day moving average is $115.50. The company has a market capitalization of $3.94 billion, a P/E ratio of 8.07 and a beta of 1.60. The company has a quick ratio of 1.78, a current ratio of 7.21 and a debt-to-equity ratio of 0.32. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The company's revenue was up 4.8% compared to the same quarter last year. Equities analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current 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.