Systematic Financial Management LP Makes New $9.97 Million Investment in M/I Homes, Inc. $MHO

Systematic Financial Management LP purchased a new position in M/I Homes, Inc. (NYSE:MHO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 77,908 shares of the construction company’s stock, valued at approximately $9,968,000. Systematic Financial Management LP owned about 0.30% of M/I Homes as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in M/I Homes by 26.1% in the third quarter. JPMorgan Chase & Co. now owns 266,582 shares of the construction company’s stock worth $38,505,000 after buying an additional 55,206 shares during the last quarter. Capelight Capital Asset Management LP acquired a new position in M/I Homes in the 4th quarter worth approximately $7,037,000. Segall Bryant & Hamill LLC acquired a new position in M/I Homes in the 3rd quarter worth approximately $3,401,000. Rafferty Asset Management LLC boosted its stake in M/I Homes by 83.2% in the 3rd quarter. Rafferty Asset Management LLC now owns 39,831 shares of the construction company’s stock worth $5,753,000 after purchasing an additional 18,095 shares during the period. Finally, American Century Companies Inc. boosted its stake in M/I Homes by 10.9% in the 3rd quarter. American Century Companies Inc. now owns 936,597 shares of the construction company’s stock worth $135,282,000 after purchasing an additional 91,732 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MHO shares. Oppenheimer set a $165.00 price objective on shares of M/I Homes in a research note on Friday, January 30th. Zacks Research lowered shares of M/I Homes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of M/I Homes in a research note on Friday, May 15th. Citigroup reaffirmed a “market outperform” rating on shares of M/I Homes in a research note on Friday, January 30th. Finally, Seaport Research Partners reaffirmed a “neutral” rating on shares of M/I Homes in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $161.67.

M/I Homes Trading Up 0.1%

Shares of NYSE:MHO opened at $129.92 on Monday. The firm has a fifty day moving average of $126.08 and a two-hundred day moving average of $131.68. The firm has a market capitalization of $3.32 billion, a P/E ratio of 9.78 and a beta of 1.65. M/I Homes, Inc. has a 12-month low of $103.52 and a 12-month high of $158.92. The company has a quick ratio of 1.95, a current ratio of 8.40 and a debt-to-equity ratio of 0.30.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, April 22nd. The construction company reported $2.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.09). The company had revenue of $920.71 million for the quarter, compared to analyst estimates of $1.18 billion. M/I Homes had a net margin of 8.24% and a return on equity of 12.91%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the business earned $3.98 EPS. On average, equities analysts expect that M/I Homes, Inc. will post 12.6 EPS for the current fiscal year.

M/I Homes Company Profile

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.