Vident Advisory LLC Purchases Shares of 6,046 M/I Homes, Inc. $MHO

Key Points

• Vident Advisory LLC has made a new investment in M/I Homes, acquiring 6,046 shares valued at approximately $690,000.
• M/I Homes reported $4.42 earnings per share for the latest quarter, missing estimates slightly, but revenue increased by 4.8% year-over-year.
• The stock has received varied ratings from analysts, with a consensus rating of "Buy" and a price target of $162.50 according to recent reports.

Vident Advisory LLC purchased a new stake in M/I Homes, Inc. (NYSE:MHO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,046 shares of the construction company's stock, valued at approximately $690,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MHO. Donald Smith & CO. Inc. lifted its position in M/I Homes by 10.2% in the first quarter. Donald Smith & CO. Inc. now owns 1,282,967 shares of the construction company's stock valued at $146,489,000 after acquiring an additional 118,778 shares during the last quarter. Millennium Management LLC lifted its position in M/I Homes by 85.5% in the fourth quarter. Millennium Management LLC now owns 238,826 shares of the construction company's stock valued at $31,752,000 after acquiring an additional 110,086 shares during the last quarter. GAMMA Investing LLC lifted its position in M/I Homes by 17,898.5% in the first quarter. GAMMA Investing LLC now owns 104,931 shares of the construction company's stock valued at $11,981,000 after acquiring an additional 104,348 shares during the last quarter. Nuveen LLC purchased a new stake in M/I Homes in the first quarter valued at $11,829,000. Finally, Allianz Asset Management GmbH lifted its position in M/I Homes by 77.5% in the first quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company's stock valued at $26,155,000 after acquiring an additional 100,029 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Price Performance

MHO stock traded up $5.56 during trading on Thursday, reaching $156.96. 321,995 shares of the company were exchanged, compared to its average volume of 247,392. The stock's 50 day moving average price is $133.04 and its 200 day moving average price is $118.67. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.78 and a current ratio of 7.21. The company has a market cap of $4.20 billion, a P/E ratio of 8.62 and a beta of 1.66.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. The company's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on MHO. Zelman & Associates upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating in a research note on Tuesday, August 12th. Zacks Research upgraded shares of M/I Homes to a "strong sell" rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $162.50.

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.