GSA Capital Partners LLP Acquires New Holdings in M/I Homes, Inc. $MHO

GSA Capital Partners LLP bought a new stake in shares of M/I Homes, Inc. (NYSE:MHO) in the 2nd quarter, Holdings Channel.com reports. The fund bought 8,928 shares of the construction company’s stock, valued at approximately $1,436,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC acquired a new stake in shares of M/I Homes in the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its position in shares of M/I Homes by 90.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 284 shares of the construction company’s stock worth $32,000 after purchasing an additional 135 shares during the last quarter. Langley Wealth Management LLC acquired a new position in shares of M/I Homes during the 2nd quarter worth approximately $45,000. Aster Capital Management DIFC Ltd acquired a new position in shares of M/I Homes during the 4th quarter worth approximately $49,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in M/I Homes by 1,090.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 500 shares of the construction company’s stock valued at $64,000 after buying an additional 458 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Insider Activity at M/I Homes

In other news, CFO Phillip G. Creek sold 10,000 shares of M/I Homes stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $151.28, for a total value of $1,512,800.00. Following the completion of the sale, the chief financial officer owned 30,918 shares of the company’s stock, valued at $4,677,275.04. The trade was a 24.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MHO has been the topic of a number of analyst reports. Zelman & Associates cut M/I Homes from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a report on Wednesday. New Street Research set a $172.00 price objective on M/I Homes in a research report on Tuesday, August 4th. Freedom Capital raised M/I Homes to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Zacks Research upgraded M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, M/I Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

M/I Homes Stock Down 0.1%

Shares of NYSE MHO opened at $152.03 on Monday. The firm has a market cap of $3.84 billion, a P/E ratio of 12.80 and a beta of 1.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.69 and a current ratio of 7.65. M/I Homes, Inc. has a 1 year low of $116.78 and a 1 year high of $163.66. The firm’s 50 day moving average price is $149.58 and its 200 day moving average price is $138.12.

M/I Homes (NYSE:MHO) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.14 earnings per share for the quarter, beating 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 company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $4.42 EPS. M/I Homes’s revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that M/I Homes, Inc. will post 12.62 earnings per share for the current year.

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.