Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment 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 purchased a new position in M/I Homes, Inc. (NYSE:MHO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in M/I Homes by 14.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,584 shares of the construction company's stock valued at $211,000 after purchasing an additional 201 shares in the last quarter. LPL Financial LLC increased its holdings in M/I Homes by 23.2% during the 4th quarter. LPL Financial LLC now owns 13,223 shares of the construction company's stock valued at $1,758,000 after purchasing an additional 2,492 shares during the period. New Age Alpha Advisors LLC purchased a new position in M/I Homes during the 4th quarter valued at about $216,000. Pictet Asset Management Holding SA increased its holdings in M/I Homes by 23.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,542 shares of the construction company's stock valued at $604,000 after purchasing an additional 866 shares during the period. Finally, Orion Portfolio Solutions LLC increased its holdings in M/I Homes by 38.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 1,622 shares of the construction company's stock valued at $216,000 after purchasing an additional 451 shares during the period. 95.14% of the stock is owned by institutional investors.

M/I Homes Stock Performance

Shares of NYSE:MHO traded up $2.54 during midday trading on Friday, hitting $122.73. The company had a trading volume of 474,084 shares, compared to its average volume of 328,196. 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 company has a market cap of $3.29 billion, a price-to-earnings ratio of 6.74 and a beta of 1.60. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18. The company has a fifty day moving average of $113.28 and a two-hundred day moving average of $115.04.

M/I Homes (NYSE:MHO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $4.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.12 billion. The company's revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MHO shares. Wall Street Zen downgraded M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Raymond James Financial dropped their price target on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, April 29th.

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.