EMG Holdings L.P. Grows Stock Holdings in M/I Homes, Inc. $MHO

EMG Holdings L.P. grew its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 73.3% in the first quarter, Holdings Channel.com reports. The fund owned 47,700 shares of the construction company’s stock after buying an additional 20,171 shares during the quarter. M/I Homes comprises about 1.5% of EMG Holdings L.P.’s holdings, making the stock its 5th biggest position. EMG Holdings L.P.’s holdings in M/I Homes were worth $5,841,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MHO. Millennium Management LLC boosted its position in shares of M/I Homes by 107.5% in the fourth quarter. Millennium Management LLC now owns 434,484 shares of the construction company’s stock worth $55,592,000 after buying an additional 225,120 shares during the period. Invesco Ltd. lifted its stake in shares of M/I Homes by 116.4% in the 3rd quarter. Invesco Ltd. now owns 300,912 shares of the construction company’s stock valued at $43,464,000 after purchasing an additional 161,881 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of M/I Homes by 1,806.4% in the fourth quarter. Squarepoint Ops LLC now owns 114,134 shares of the construction company’s stock worth $14,603,000 after buying an additional 108,147 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in M/I Homes by 5.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,463,340 shares of the construction company’s stock valued at $187,234,000 after purchasing an additional 82,090 shares during the last quarter. Finally, Systematic Financial Management LP bought a new position in M/I Homes in the 4th quarter worth $9,968,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Down 2.0%

NYSE:MHO opened at $151.45 on Friday. The company has a market cap of $3.88 billion, a P/E ratio of 12.75 and a beta of 1.60. The business has a 50 day moving average price of $146.11 and a two-hundred day moving average price of $137.08. The company has a quick ratio of 1.95, a current ratio of 7.19 and a debt-to-equity ratio of 0.29. M/I Homes, Inc. has a twelve month low of $116.78 and a twelve month high of $163.66.

M/I Homes (NYSE:MHO) last released 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. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. M/I Homes had a return on equity of 11.53% and a net margin of 7.44%.M/I Homes’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.42 earnings per share. As a group, analysts expect that M/I Homes, Inc. will post 12.6 EPS for the current fiscal year.

Analyst Ratings Changes

MHO has been the subject of several research reports. Zelman & Associates cut M/I Homes from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 7th. Seaport Research Partners reissued a “neutral” rating on shares of M/I Homes in a report on Tuesday, April 7th. Freedom Capital upgraded shares of M/I Homes to a “strong-buy” rating in a research report on Wednesday, June 24th. Weiss Ratings reissued a “hold (c)” rating on shares of M/I Homes in a report on Friday, May 15th. Finally, Zacks Research upgraded shares of M/I Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, M/I Homes presently has a consensus rating of “Moderate Buy” and a consensus price target 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.