De Lisle Partners LLP Buys Shares of 5,389 M/I Homes, Inc. $MHO

De Lisle Partners LLP purchased a new position in M/I Homes, Inc. (NYSE:MHOFree Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 5,389 shares of the construction company’s stock, valued at approximately $867,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hilton Head Capital Partners LLC bought a new stake in shares of M/I Homes in the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its position in M/I Homes by 90.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock valued at $32,000 after buying an additional 135 shares in the last quarter. Langley Wealth Management LLC bought a new position in shares of M/I Homes in the second quarter valued at approximately $45,000. Aster Capital Management DIFC Ltd bought a new stake in M/I Homes during the fourth quarter worth approximately $49,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in M/I Homes by 1,090.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock worth $64,000 after purchasing an additional 458 shares during the period. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MHO has been the subject of a number of research reports. Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Zelman & Associates lowered M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of M/I Homes in a research note on Wednesday, August 12th. Freedom Capital raised M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Finally, New Street Research set a $172.00 price target on shares of M/I Homes in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.25.

Check Out Our Latest Stock Report on M/I Homes

Insiders Place Their Bets

In other news, CFO Phillip G. Creek sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $149.56, for a total transaction of $2,991,200.00. Following the transaction, the chief financial officer directly owned 30,918 shares in the company, valued at $4,624,096.08. The trade was a 39.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by company insiders.

M/I Homes Trading Down 0.1%

Shares of MHO opened at $152.29 on Monday. The business’s 50-day moving average price is $150.75 and its 200 day moving average price is $138.76. The stock has a market capitalization of $3.85 billion, a P/E ratio of 12.82 and a beta of 1.60. M/I Homes, Inc. has a 1-year low of $116.78 and a 1-year high of $163.66. The company has a current ratio of 7.65, a quick ratio of 1.69 and a debt-to-equity ratio of 0.29.

M/I Homes (NYSE:MHOGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $0.01. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.M/I Homes’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.42 earnings per share. Analysts expect that M/I Homes, Inc. will post 12.62 earnings per share for the current year.

About M/I Homes

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M/I Homes, Inc. (NYSE:MHOFree Report).

Institutional Ownership by Quarter for M/I Homes (NYSE:MHO)

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