M/I Homes, Inc. (NYSE:MHO) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 126.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,600 shares of the construction company's stock after acquiring an additional 12,600 shares during the period. Two Sigma Advisers LP owned approximately 0.08% of M/I Homes worth $3,005,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Principal Securities Inc. purchased a new stake in shares of M/I Homes during the fourth quarter worth about $27,000. R Squared Ltd acquired a new stake in shares of M/I Homes during the fourth quarter worth about $33,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of M/I Homes during the fourth quarter worth about $50,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of M/I Homes during the fourth quarter worth about $70,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of M/I Homes during the fourth quarter worth about $80,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

MHO has been the subject of a number of research reports. Wall Street Zen downgraded M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Raymond James 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 report on Tuesday, April 29th. Finally, Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

M/I Homes Stock Performance

NYSE:MHO traded down $0.48 during trading hours on Friday, reaching $106.57. The company had a trading volume of 285,494 shares, compared to its average volume of 285,549. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The firm has a market cap of $2.85 billion, a PE ratio of 5.41 and a beta of 1.75. The business's 50 day moving average price is $108.93 and its 200-day moving average price is $125.52. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly 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 net margin of 12.51% and a return on equity of 20.20%. The company had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the firm posted $4.78 earnings per share. The company's revenue was down 7.4% compared to the same quarter last year. Research analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

M/I Homes Company 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.