M/I Homes, Inc. $MHO Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in M/I Homes, Inc. (NYSE:MHO) by 74.1% in the first quarter, HoldingsChannel.com reports. The firm owned 21,229 shares of the construction company’s stock after buying an additional 9,032 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in M/I Homes were worth $2,599,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 1492 Capital Management LLC boosted its position in shares of M/I Homes by 41.5% during the first quarter. 1492 Capital Management LLC now owns 22,021 shares of the construction company’s stock worth $2,696,000 after buying an additional 6,457 shares during the period. Louisiana State Employees Retirement System purchased a new stake in M/I Homes during the first quarter worth about $1,420,000. Hilton Head Capital Partners LLC boosted its stake in shares of M/I Homes by 52.3% during the 1st quarter. Hilton Head Capital Partners LLC now owns 329 shares of the construction company’s stock worth $40,000 after purchasing an additional 113 shares during the last quarter. OP Asset Management Ltd acquired a new stake in M/I Homes in the first quarter valued at $224,000. Finally, Assenagon Asset Management S.A. lifted its position in M/I Homes by 7.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 115,663 shares of the construction company’s stock valued at $14,163,000 after purchasing an additional 7,801 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 opened at $150.16 on Wednesday. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 11.31 and a beta of 1.60. M/I Homes, Inc. has a 12 month low of $110.94 and a 12 month high of $163.66. The company’s 50 day moving average is $139.29 and its two-hundred day moving average is $134.73. The company has a current ratio of 8.40, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.09). M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.The firm had revenue of $920.71 million during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the company posted $3.98 EPS. The company’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, research analysts anticipate that M/I Homes, Inc. will post 12.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MHO shares. Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Zelman & Associates lowered shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Finally, Freedom Capital raised M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

M/I Homes Profile

M/I Homes, Inc is a publicly traded residential homebuilder founded in 1976 and headquartered in Columbus, Ohio. The company designs, markets and constructs single-family homes and townhome communities across the United States, offering a range of floor plans with customizable design options. Its product portfolio includes starter homes, move-up homes and luxury models, as well as multi-family residences in urban and suburban infill locations.

In addition to its core homebuilding operations, M/I Homes provides mortgage, title and closing services through its in-house affiliate M/I Financial Services.