Militia Capital Management LLC Acquires New Shares in M/I Homes, Inc. $MHO

Militia Capital Management LLC acquired a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,000 shares of the construction company’s stock, valued at approximately $2,816,000.

Several other large investors have also added to or reduced their stakes in the stock. Capelight Capital Asset Management LP bought a new position in shares of M/I Homes in the fourth quarter valued at approximately $7,037,000. SG Americas Securities LLC increased its holdings in M/I Homes by 148.7% during the 4th quarter. SG Americas Securities LLC now owns 7,995 shares of the construction company’s stock worth $1,023,000 after acquiring an additional 4,780 shares during the period. Verity Asset Management Inc. purchased a new stake in M/I Homes in the 4th quarter worth approximately $1,074,000. First Eagle Investment Management LLC boosted its holdings in M/I Homes by 110.1% in the 4th quarter. First Eagle Investment Management LLC now owns 60,100 shares of the construction company’s stock valued at $7,690,000 after purchasing an additional 31,495 shares during the period. Finally, Denali Advisors LLC grew its position in shares of M/I Homes by 320.7% during the 4th quarter. Denali Advisors LLC now owns 55,239 shares of the construction company’s stock valued at $7,068,000 after purchasing an additional 42,108 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Performance

Shares of NYSE MHO opened at $146.13 on Monday. The stock’s 50-day moving average is $146.44 and its 200 day moving average is $137.13. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 12.30 and a beta of 1.60. M/I Homes, Inc. has a 1-year low of $116.78 and a 1-year high of $163.66. The company has a current ratio of 7.19, a quick ratio of 1.59 and a debt-to-equity ratio of 0.29.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, July 29th. The construction company reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.01. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm earned $4.42 earnings per share. M/I Homes’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that M/I Homes, Inc. will post 12.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About M/I Homes

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.