Belpointe Asset Management LLC Has $1.10 Million Stock Holdings in M/I Homes, Inc. $MHO

Belpointe Asset Management LLC grew its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 4.2% in the second quarter, Holdings Channel reports. The institutional investor owned 9,762 shares of the construction company’s stock after acquiring an additional 391 shares during the period. Belpointe Asset Management LLC’s holdings in M/I Homes were worth $1,095,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MHO. Fifth Third Bancorp grew its holdings in shares of M/I Homes by 38.3% during the first quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock valued at $43,000 after buying an additional 105 shares during the last quarter. Covestor Ltd grew its holdings in shares of M/I Homes by 134.8% during the first quarter. Covestor Ltd now owns 655 shares of the construction company’s stock valued at $75,000 after buying an additional 376 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of M/I Homes by 57.6% during the first quarter. GAMMA Investing LLC now owns 919 shares of the construction company’s stock valued at $105,000 after buying an additional 336 shares during the last quarter. Strs Ohio acquired a new position in shares of M/I Homes during the first quarter valued at about $114,000. Finally, National Bank of Canada FI grew its holdings in shares of M/I Homes by 36.1% during the first quarter. National Bank of Canada FI now owns 1,164 shares of the construction company’s stock valued at $133,000 after buying an additional 309 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Performance

Shares of MHO stock opened at $136.18 on Wednesday. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 7.48 and a beta of 1.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.78 and a current ratio of 7.21. M/I Homes, Inc. has a 52 week low of $100.22 and a 52 week high of $176.18. The firm’s 50-day simple moving average is $143.28 and its two-hundred day simple moving average is $122.31.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $4.42 EPS for the quarter, missing the consensus estimate of $4.43 by ($0.01). The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. M/I Homes had a return on equity of 17.23% and a net margin of 11.40%.The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MHO shares. Zelman & Associates upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 12th. Zacks Research raised shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of M/I Homes in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $162.50.

About M/I Homes

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.