Hsbc Holdings PLC Boosts Stake in M/I Homes, Inc. $MHO

Hsbc Holdings PLC increased its stake in M/I Homes, Inc. (NYSE:MHO) by 52.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,148 shares of the construction company’s stock after purchasing an additional 3,474 shares during the quarter. Hsbc Holdings PLC’s holdings in M/I Homes were worth $1,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MHO. JPMorgan Chase & Co. lifted its position in shares of M/I Homes by 26.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 266,582 shares of the construction company’s stock valued at $38,505,000 after buying an additional 55,206 shares in the last quarter. Capelight Capital Asset Management LP purchased a new stake in M/I Homes in the 4th quarter worth approximately $7,037,000. Segall Bryant & Hamill LLC purchased a new stake in M/I Homes in the 3rd quarter worth approximately $3,401,000. Cramer Rosenthal Mcglynn LLC bought a new stake in M/I Homes during the 3rd quarter worth approximately $13,315,000. Finally, Junto Capital Management LP purchased a new position in M/I Homes during the third quarter valued at approximately $35,871,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MHO has been the subject of several recent analyst reports. Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Freedom Capital raised M/I Homes to a “strong-buy” rating in a report on Wednesday, June 24th. Weiss Ratings restated a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Finally, Zacks Research raised M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $161.67.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $156.41 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 8.40. The company has a market cap of $4.00 billion, a P/E ratio of 11.78 and a beta of 1.60. The firm’s fifty day moving average is $137.58 and its two-hundred day moving average is $134.17. M/I Homes, Inc. has a 52-week low of $110.94 and a 52-week high of $163.66.

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

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.