AXS Investments LLC Purchases Shares of 5,000 M/I Homes, Inc. (NYSE:MHO)

AXS Investments LLC purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,000 shares of the construction company’s stock, valued at approximately $436,000.

Other hedge funds have also added to or reduced their stakes in the company. Ziegler Capital Management LLC acquired a new position in M/I Homes during the 2nd quarter valued at about $760,000. SG Americas Securities LLC boosted its stake in M/I Homes by 16.3% during the 2nd quarter. SG Americas Securities LLC now owns 41,529 shares of the construction company’s stock valued at $3,621,000 after purchasing an additional 5,813 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in M/I Homes by 29.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,600 shares of the construction company’s stock valued at $575,000 after purchasing an additional 1,500 shares during the last quarter. Ascendant Capital Management LLC purchased a new position in shares of M/I Homes in the 1st quarter worth approximately $915,000. Finally, Barclays PLC boosted its stake in shares of M/I Homes by 2.9% in the 1st quarter. Barclays PLC now owns 33,928 shares of the construction company’s stock worth $2,140,000 after buying an additional 948 shares during the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

M/I Homes Price Performance

Shares of NYSE MHO opened at $103.94 on Friday. M/I Homes, Inc. has a twelve month low of $42.57 and a twelve month high of $105.79. The stock’s 50 day moving average price is $86.73 and its 200-day moving average price is $85.46. The company has a market capitalization of $2.89 billion, a PE ratio of 6.03 and a beta of 2.07. The company has a quick ratio of 1.66, a current ratio of 6.38 and a debt-to-equity ratio of 0.37.

M/I Homes (NYSE:MHO) last announced its earnings results on Wednesday, October 25th. The construction company reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.55. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. M/I Homes had a return on equity of 22.47% and a net margin of 11.47%. On average, equities analysts anticipate that M/I Homes, Inc. will post 17.52 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wedbush boosted their target price on M/I Homes from $108.00 to $116.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. StockNews.com downgraded M/I Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th.

M/I Homes Profile

M/I Homes, Inc, together with its subsidiaries, operates as a builder of single-family 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. It also designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, millennial, move-up, empty-nester, and luxury buyers under the M/I Homes brand name.