Capelight Capital Asset Management LP Acquires 15,000 Shares of M/I Homes, Inc. $MHO

Capelight Capital Asset Management LP boosted its holdings in M/I Homes, Inc. (NYSE:MHO) by 27.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,000 shares of the construction company’s stock after buying an additional 15,000 shares during the period. M/I Homes makes up about 6.1% of Capelight Capital Asset Management LP’s investment portfolio, making the stock its 4th largest position. Capelight Capital Asset Management LP’s holdings in M/I Homes were worth $8,572,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MHO. JPMorgan Chase & Co. raised its stake in 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 purchasing an additional 55,206 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in M/I Homes in the 3rd quarter worth $3,401,000. Cramer Rosenthal Mcglynn LLC acquired a new stake in M/I Homes in the 3rd quarter worth $13,315,000. Junto Capital Management LP bought a new position in shares of M/I Homes during the 3rd quarter worth about $35,871,000. Finally, First Eagle Investment Management LLC bought a new position in shares of M/I Homes during the 3rd quarter worth about $4,132,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Freedom Capital upgraded shares of M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of M/I Homes in a research report on Friday, May 15th. Two equities research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $161.67.

M/I Homes Trading Up 0.3%

Shares of M/I Homes stock opened at $157.01 on Friday. M/I Homes, Inc. has a 52-week low of $110.94 and a 52-week high of $163.66. The firm has a market capitalization of $4.02 billion, a PE ratio of 11.82 and a beta of 1.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.40 and a quick ratio of 1.95. The company’s fifty day moving average price is $138.14 and its two-hundred day moving average price is $134.32.

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 analysts’ consensus estimates of $2.64 by ($0.09). M/I Homes had a return on equity of 12.91% and a net margin of 8.24%.The business had revenue of $920.71 million for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business posted $3.98 earnings per share. M/I Homes’s revenue was down 5.8% on a year-over-year basis. On average, analysts expect that M/I Homes, Inc. will post 12.6 EPS for the current 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.