M/I Homes, Inc. $MHO Stake Boosted by Capelight Capital Asset Management LP

Capelight Capital Asset Management LP lifted its stake in M/I Homes, Inc. (NYSE:MHO) by 27.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,000 shares of the construction company’s stock after acquiring an additional 15,000 shares during the quarter. M/I Homes makes up 6.1% of Capelight Capital Asset Management LP’s portfolio, making the stock its 4th biggest holding. Capelight Capital Asset Management LP owned 0.27% of M/I Homes worth $8,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MHO. Hilton Head Capital Partners LLC acquired a new position in M/I Homes in the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of M/I Homes by 90.6% during 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 during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of M/I Homes in the 4th quarter valued at approximately $49,000. Caitong International Asset Management Co. Ltd increased its holdings 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 buying an additional 458 shares during the last quarter. Finally, WealthCollab LLC increased its holdings in M/I Homes by 16.5% in the second quarter. WealthCollab LLC now owns 614 shares of the construction company’s stock worth $69,000 after buying an additional 87 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Trading Up 0.3%

NYSE:MHO opened at $157.01 on Friday. The company’s 50 day moving average is $138.14 and its 200-day moving average is $134.32. The company has a quick ratio of 1.95, a current ratio of 8.40 and a debt-to-equity ratio of 0.30. M/I Homes, Inc. has a 12 month low of $110.94 and a 12 month high of $163.66. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 11.82 and a beta of 1.60.

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

Analysts Set New Price Targets

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

About M/I Homes

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.