MQS Management LLC Has $537,000 Holdings in M/I Homes, Inc. $MHO

MQS Management LLC reduced its position in M/I Homes, Inc. (NYSE:MHO) by 20.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,789 shares of the construction company’s stock after selling 1,206 shares during the period. MQS Management LLC’s holdings in M/I Homes were worth $537,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of M/I Homes by 109.4% during the 1st quarter. Millennium Management LLC now owns 500,207 shares of the construction company’s stock valued at $57,114,000 after acquiring an additional 261,381 shares during the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of M/I Homes by 10.2% during the 1st 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. Nuveen LLC acquired a new position in shares of M/I Homes during the 1st quarter valued at about $11,829,000. Allianz Asset Management GmbH increased its holdings in shares of M/I Homes by 77.5% during the 1st 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. Finally, Cerity Partners LLC increased its holdings in shares of M/I Homes by 431.3% during the 1st quarter. Cerity Partners LLC now owns 91,324 shares of the construction company’s stock valued at $10,427,000 after acquiring an additional 74,136 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Price Performance

Shares of MHO stock opened at $129.94 on Friday. The stock has a 50 day moving average of $144.05 and a two-hundred day moving average of $124.21. The company has a current ratio of 6.85, a quick ratio of 1.78 and a debt-to-equity ratio of 0.29. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $172.23. The company has a market capitalization of $3.48 billion, a P/E ratio of 7.63 and a beta of 1.70.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $4.14 EPS for the quarter, missing analysts’ consensus estimates of $4.37 by ($0.23). M/I Homes had a return on equity of 15.72% and a net margin of 10.56%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.16 billion. The company’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MHO shares. Zelman & Associates raised M/I Homes from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 12th. Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a report on Saturday. Finally, Raymond James Financial raised their target price on M/I Homes from $150.00 to $155.00 and gave the company a “strong-buy” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $170.00.

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.