GSA Capital Partners LLP Increases Stake in M/I Homes, Inc. $MHO

GSA Capital Partners LLP boosted its stake in M/I Homes, Inc. (NYSE:MHO) by 195.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,830 shares of the construction company’s stock after buying an additional 8,490 shares during the period. GSA Capital Partners LLP’s holdings in M/I Homes were worth $1,642,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of M/I Homes by 46.3% during the first quarter. Royal Bank of Canada now owns 29,774 shares of the construction company’s stock valued at $3,400,000 after buying an additional 9,422 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of M/I Homes by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,868 shares of the construction company’s stock valued at $1,812,000 after buying an additional 703 shares during the period. United Services Automobile Association purchased a new position in shares of M/I Homes during the first quarter valued at approximately $205,000. Strs Ohio purchased a new position in shares of M/I Homes during the first quarter valued at approximately $114,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of M/I Homes by 90.6% during the second 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 period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MHO shares. Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a research note on Friday. Citigroup reissued a “market outperform” rating on shares of M/I Homes in a research note on Friday, January 30th. Zacks Research cut M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Oppenheimer set a $165.00 target price on M/I Homes in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.67.

M/I Homes Price Performance

Shares of MHO stock opened at $122.35 on Wednesday. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 9.21 and a beta of 1.65. The business’s fifty day moving average is $126.29 and its 200 day moving average is $131.62. M/I Homes, Inc. has a twelve month low of $103.52 and a twelve month high of $158.92. 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 (NYSE:MHO) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.09). The firm 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%.M/I Homes’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.98 earnings per share. Research analysts expect 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.