Two Sigma Investments LP Buys 9,326 Shares of M/I Homes, Inc. (NYSE:MHO)

Two Sigma Investments LP raised its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 50.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,950 shares of the construction company's stock after acquiring an additional 9,326 shares during the quarter. Two Sigma Investments LP owned approximately 0.10% of M/I Homes worth $3,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Wyoming purchased a new position in shares of M/I Homes during the 4th quarter worth $162,000. Rafferty Asset Management LLC boosted its stake in shares of M/I Homes by 50.5% during the 4th quarter. Rafferty Asset Management LLC now owns 18,396 shares of the construction company's stock worth $2,446,000 after acquiring an additional 6,169 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of M/I Homes by 44.2% during the 4th quarter. ProShare Advisors LLC now owns 8,040 shares of the construction company's stock worth $1,069,000 after acquiring an additional 2,466 shares during the last quarter. Man Group plc boosted its stake in shares of M/I Homes by 45.3% during the 4th quarter. Man Group plc now owns 23,989 shares of the construction company's stock worth $3,189,000 after acquiring an additional 7,477 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of M/I Homes by 85.5% during the 4th quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock worth $31,752,000 after acquiring an additional 110,086 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Price Performance

Shares of MHO traded down $1.68 during trading hours on Monday, reaching $104.93. 226,216 shares of the stock traded hands, compared to its average volume of 285,328. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The company's 50-day moving average price is $108.67 and its two-hundred day moving average price is $124.77. The company has a market cap of $2.81 billion, a P/E ratio of 5.32 and a beta of 1.75.

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 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 firm had revenue of $976.09 million for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the firm posted $4.78 EPS. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. On average, analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Raymond James dropped their price target on shares of 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. Finally, Wall Street Zen cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, April 25th.

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.