1492 Capital Management LLC Acquires 6,457 Shares of M/I Homes, Inc. $MHO

1492 Capital Management LLC lifted its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 41.5% during the first quarter, Holdings Channel reports. The fund owned 22,021 shares of the construction company’s stock after buying an additional 6,457 shares during the quarter. 1492 Capital Management LLC’s holdings in M/I Homes were worth $2,696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in shares of M/I Homes by 26.1% during the third 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 during the last quarter. Rafferty Asset Management LLC raised its position in M/I Homes by 83.2% in the 3rd quarter. Rafferty Asset Management LLC now owns 39,831 shares of the construction company’s stock valued at $5,753,000 after buying an additional 18,095 shares during the last quarter. Capelight Capital Asset Management LP purchased a new stake in M/I Homes in the 4th quarter valued at $7,037,000. Segall Bryant & Hamill LLC bought a new position in M/I Homes during the 3rd quarter valued at $3,401,000. Finally, American Century Companies Inc. boosted its holdings in M/I Homes by 10.9% during the 3rd quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock worth $135,282,000 after acquiring an additional 91,732 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MHO shares. Zacks Research lowered shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Freedom Capital raised shares of M/I Homes to a “strong-buy” rating in a research report on Wednesday. Seaport Research Partners restated a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Finally, Weiss Ratings reaffirmed 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, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.67.

M/I Homes Stock Up 2.1%

MHO opened at $162.52 on Friday. The firm has a market capitalization of $4.16 billion, a P/E ratio of 12.24 and a beta of 1.62. M/I Homes, Inc. has a one year low of $110.94 and a one year high of $163.66. The company has a fifty day moving average price of $135.48 and a 200-day moving average price of $133.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95.

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

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.