Y Intercept Hong Kong Ltd Purchases Shares of 29,059 M/I Homes, Inc. $MHO

Y Intercept Hong Kong Ltd purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 29,059 shares of the construction company’s stock, valued at approximately $3,258,000. Y Intercept Hong Kong Ltd owned about 0.11% of M/I Homes as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in MHO. Covestor Ltd boosted its stake in M/I Homes by 134.8% during the 1st quarter. Covestor Ltd now owns 655 shares of the construction company’s stock valued at $75,000 after purchasing an additional 376 shares during the last quarter. GAMMA Investing LLC boosted its holdings in M/I Homes by 57.6% during the 1st quarter. GAMMA Investing LLC now owns 919 shares of the construction company’s stock worth $105,000 after acquiring an additional 336 shares during the last quarter. Strs Ohio purchased a new position in M/I Homes during the 1st quarter worth $114,000. National Bank of Canada FI boosted its holdings in M/I Homes by 36.1% during the 1st quarter. National Bank of Canada FI now owns 1,164 shares of the construction company’s stock worth $133,000 after acquiring an additional 309 shares during the last quarter. Finally, CWM LLC boosted its holdings in M/I Homes by 75.2% during the 1st quarter. CWM LLC now owns 1,284 shares of the construction company’s stock worth $147,000 after acquiring an additional 551 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $124.71 on Thursday. The company’s 50-day moving average is $143.25 and its 200 day moving average is $124.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.52 and a current ratio of 7.17. The company has a market capitalization of $3.26 billion, a P/E ratio of 7.32 and a beta of 1.70. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $172.23.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $4.14 earnings per share for the quarter, missing analysts’ consensus estimates of $4.37 by ($0.23). The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.16 billion. M/I Homes had a return on equity of 15.72% and a net margin of 10.56%.M/I Homes’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Zelman & Associates raised shares of M/I Homes from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of M/I Homes in a report on Wednesday, October 8th. Raymond James Financial lifted their price objective on shares of M/I Homes from $150.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. Finally, Zacks Research raised shares of M/I Homes from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, M/I Homes currently has a consensus rating of “Buy” and a consensus price target of $170.00.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.