GAMMA Investing LLC Has $163,000 Stock Position in M/I Homes, Inc. $MHO

GAMMA Investing LLC grew its stake in shares of M/I Homes, Inc. (NYSE:MHO) by 58.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,454 shares of the construction company’s stock after purchasing an additional 535 shares during the quarter. GAMMA Investing LLC’s holdings in M/I Homes were worth $163,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Xponance Inc. increased its position in shares of M/I Homes by 5.0% during the 1st quarter. Xponance Inc. now owns 2,019 shares of the construction company’s stock worth $231,000 after purchasing an additional 97 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of M/I Homes by 38.3% during the 1st quarter. Fifth Third Bancorp now owns 379 shares of the construction company’s stock worth $43,000 after acquiring an additional 105 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of M/I Homes by 1.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 6,443 shares of the construction company’s stock worth $736,000 after acquiring an additional 114 shares during the last quarter. Journey Strategic Wealth LLC increased its holdings in shares of M/I Homes by 4.8% during the 1st quarter. Journey Strategic Wealth LLC now owns 2,705 shares of the construction company’s stock worth $309,000 after acquiring an additional 125 shares during the last quarter. Finally, CW Advisors LLC increased its holdings in shares of M/I Homes by 1.1% during the 1st quarter. CW Advisors LLC now owns 16,121 shares of the construction company’s stock worth $1,841,000 after acquiring an additional 171 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MHO. Zacks Research raised M/I Homes to a “strong sell” rating in a report on Tuesday, August 12th. Zelman & Associates raised M/I Homes from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, M/I Homes currently has a consensus rating of “Buy” and a consensus price target of $162.50.

M/I Homes Stock Performance

NYSE:MHO opened at $145.37 on Tuesday. The stock has a fifty day moving average price of $140.69 and a 200-day moving average price of $121.18. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 7.98 and a beta of 1.66. 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 fifty-two week low of $100.22 and a fifty-two week high of $176.18.

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

M/I Homes Profile

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.