Xponance Inc. Grows Stock Position in M/I Homes, Inc. (NYSE:MHO)

Xponance Inc. boosted its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,019 shares of the construction company’s stock after acquiring an additional 97 shares during the quarter. Xponance Inc.’s holdings in M/I Homes were worth $231,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its stake in shares of M/I Homes by 85.5% in the fourth quarter. Millennium Management LLC now owns 238,826 shares of the construction company’s stock worth $31,752,000 after acquiring an additional 110,086 shares during the last quarter. GAMMA Investing LLC boosted its stake in M/I Homes by 17,898.5% during the first quarter. GAMMA Investing LLC now owns 104,931 shares of the construction company’s stock worth $11,981,000 after buying an additional 104,348 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in M/I Homes by 81.7% during the first quarter. Assenagon Asset Management S.A. now owns 196,921 shares of the construction company’s stock worth $22,484,000 after buying an additional 88,545 shares during the last quarter. Cerity Partners LLC boosted its stake in M/I Homes by 431.3% during the first quarter. Cerity Partners LLC now owns 91,324 shares of the construction company’s stock worth $10,427,000 after buying an additional 74,136 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in M/I Homes by 3,243.7% during the fourth quarter. Voloridge Investment Management LLC now owns 75,535 shares of the construction company’s stock worth $10,042,000 after buying an additional 73,276 shares during the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

M/I Homes Stock Performance

Shares of MHO opened at $114.21 on Friday. The company has a current ratio of 7.43, a quick ratio of 1.79 and a debt-to-equity ratio of 0.31. The firm has a market cap of $3.06 billion, a PE ratio of 6.04 and a beta of 1.64. The company’s 50 day simple moving average is $111.00 and its 200-day simple moving average is $115.60. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18.

M/I Homes (NYSE:MHO) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.98 EPS for the quarter, missing the consensus estimate of $4.16 by ($0.18). The company had revenue of $976.09 million for the quarter, compared to analysts’ expectations of $1.12 billion. M/I Homes had a net margin of 12.11% and a return on equity of 18.62%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.78 earnings per share. As a group, equities analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen downgraded M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. Raymond James Financial cut their price objective on M/I Homes from $168.00 to $140.00 and set a “strong-buy” rating on the stock in a report on Tuesday, April 29th.

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.