Hsbc Holdings PLC Purchases 3,474 Shares of M/I Homes, Inc. $MHO

Hsbc Holdings PLC boosted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 52.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,148 shares of the construction company’s stock after acquiring an additional 3,474 shares during the period. Hsbc Holdings PLC’s holdings in M/I Homes were worth $1,304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MHO. Junto Capital Management LP acquired a new position in shares of M/I Homes during the third quarter worth $35,871,000. Millennium Management LLC grew its stake in M/I Homes by 107.5% during the 4th quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock worth $55,592,000 after buying an additional 225,120 shares during the last quarter. Invesco Ltd. grew its stake in M/I Homes by 116.4% during the 3rd quarter. Invesco Ltd. now owns 300,912 shares of the construction company’s stock worth $43,464,000 after buying an additional 161,881 shares during the last quarter. Squarepoint Ops LLC increased its position in M/I Homes by 1,806.4% during the 4th quarter. Squarepoint Ops LLC now owns 114,134 shares of the construction company’s stock valued at $14,603,000 after buying an additional 108,147 shares in the last quarter. Finally, Gradient Investments LLC increased its position in M/I Homes by 689.4% during the 4th quarter. Gradient Investments LLC now owns 114,773 shares of the construction company’s stock valued at $14,685,000 after buying an additional 100,233 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Price Performance

NYSE MHO opened at $147.56 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. The stock’s fifty day moving average price is $140.10 and its 200 day moving average price is $135.10. M/I Homes, Inc. has a 1 year low of $112.64 and a 1 year high of $163.66. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 11.11 and a beta of 1.60.

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

Analyst Ratings Changes

A number of equities research analysts have commented on MHO shares. Seaport Research Partners reiterated a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. Freedom Capital upgraded M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Zelman & Associates lowered shares of M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.67.

M/I Homes Company 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.