Universal Beteiligungs und Servicegesellschaft mbH Invests $2.26 Million in M/I Homes, Inc. (NYSE:MHO)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $2.26 million in M/I Homes, purchasing 19,765 shares, which represents 0.07% of the company's stock.
• Several hedge funds have significantly increased their holdings in M/I Homes, with GAMMA Investing LLC raising its position by 17,898.5% in the first quarter.
• M/I Homes recently reported quarterly earnings with an EPS of $4.42, missing estimates by $0.01, despite a revenue increase of 4.8% year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in M/I Homes, Inc. (NYSE:MHO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,765 shares of the construction company's stock, valued at approximately $2,257,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of M/I Homes as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp raised 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 worth $43,000 after acquiring an additional 105 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of M/I Homes in the fourth quarter worth about $50,000. GAMMA Investing LLC raised its position in shares of M/I Homes by 57.6% in 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 72.4% in the fourth quarter. National Bank of Canada FI now owns 855 shares of the construction company's stock worth $114,000 after acquiring an additional 359 shares during the period. Finally, CWM LLC raised its position in shares of M/I Homes by 75.2% during the 1st quarter. CWM LLC now owns 1,284 shares of the construction company's stock worth $147,000 after purchasing an additional 551 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

M/I Homes Price Performance

NYSE MHO traded up $2.54 during trading hours on Friday, hitting $122.73. 474,084 shares of the company's stock traded hands, compared to its average volume of 328,196. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The company has a market capitalization of $3.29 billion, a PE ratio of 6.74 and a beta of 1.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 7.21 and a quick ratio of 1.72. The firm's 50-day moving average is $113.28 and its 200-day moving average is $115.19.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share for the quarter, missing the consensus estimate of $4.43 by ($0.01). M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.12 billion. M/I Homes's revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analysts Set New Price Targets

MHO has been the subject of several research analyst reports. Raymond James Financial reduced their price target 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. Wall Street Zen downgraded shares of M/I Homes from a "buy" rating to a "hold" rating in a research report 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.