Graham Capital Management L.P. Purchases New Holdings in M/I Homes, Inc. (NYSE:MHO)

Graham Capital Management L.P. bought a new position in M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,125 shares of the construction company’s stock, valued at approximately $548,000.

Several other large investors have also bought and sold shares of MHO. Vontobel Holding Ltd. grew its stake in shares of M/I Homes by 107.2% in the fourth quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company’s stock worth $734,000 after acquiring an additional 2,858 shares during the period. Congress Asset Management Co. boosted its position in shares of M/I Homes by 11.7% in the fourth quarter. Congress Asset Management Co. now owns 51,248 shares of the construction company’s stock worth $6,813,000 after purchasing an additional 5,379 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of M/I Homes by 283.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company’s stock worth $88,000 after purchasing an additional 493 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of M/I Homes in the fourth quarter worth $43,674,000. Finally, Arkadios Wealth Advisors lifted its holdings in shares of M/I Homes by 4.2% in the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock worth $296,000 after buying an additional 90 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MHO shares. Raymond James decreased their price target on shares of M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, April 29th. StockNews.com downgraded shares of M/I Homes from a “buy” rating to a “hold” rating in a research note on Friday, April 25th. Finally, Seaport Res Ptn raised shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th.

M/I Homes Stock Up 0.5%

Shares of M/I Homes stock opened at $110.33 on Friday. The company has a market cap of $2.96 billion, a P/E ratio of 5.60 and a beta of 1.75. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average price is $110.96 and its 200-day moving average price is $129.31.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). The firm had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. M/I Homes’s revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $4.78 earnings per share. On average, sell-side analysts predict 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.