Walleye Capital LLC Sells 6,505 Shares of M/I Homes, Inc. $MHO

Key Points

• Walleye Capital LLC reduced its stake in M/I Homes by 45.9%, selling 6,505 shares and now holding 7,669 shares worth approximately $876,000.
• Institutional investors own 95.14% of M/I Homes, with several firms increasing their holdings during the fourth quarter.
• M/I Homes' recent earnings report showed a net margin of 11.40% and revenue growth of 4.8% year-over-year, despite missing EPS estimates marginally.

Walleye Capital LLC trimmed its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 45.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,669 shares of the construction company's stock after selling 6,505 shares during the quarter. Walleye Capital LLC's holdings in M/I Homes were worth $876,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Donald Smith & CO. Inc. boosted its holdings in shares of M/I Homes by 10.2% in the 1st quarter. Donald Smith & CO. Inc. now owns 1,282,967 shares of the construction company's stock worth $146,489,000 after purchasing an additional 118,778 shares in the last quarter. Northern Trust Corp raised its position in M/I Homes by 8.4% during the 4th quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock valued at $46,134,000 after purchasing an additional 26,820 shares during the last quarter. Royce & Associates LP raised its position in M/I Homes by 14.4% during the 1st quarter. Royce & Associates LP now owns 314,362 shares of the construction company's stock valued at $35,894,000 after purchasing an additional 39,491 shares during the last quarter. Millennium Management LLC raised its position in shares of M/I Homes by 85.5% in 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 in the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of M/I Homes by 77.5% in the 1st quarter. Allianz Asset Management GmbH now owns 229,065 shares of the construction company's stock worth $26,155,000 after acquiring an additional 100,029 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MHO has been the topic of several recent research reports. Zelman & Associates upgraded M/I Homes from a "neutral" rating to an "outperform" rating in a research note on Tuesday, August 12th. Zacks Research upgraded M/I Homes to a "strong sell" rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $162.50.

M/I Homes Stock Performance

Shares of NYSE MHO traded up $5.96 during midday trading on Thursday, hitting $154.26. 97,272 shares of the stock traded hands, compared to its average volume of 281,798. The firm has a 50-day moving average of $128.17 and a two-hundred day moving average of $117.12. The firm has a market capitalization of $4.13 billion, a P/E ratio of 8.47 and a beta of 1.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.78 and a current ratio of 7.21. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last released 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). The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a net margin of 11.40% and a return on equity of 17.23%. M/I Homes's revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current fiscal 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.