M I Homes Inc (NYSE:MHO) Shifting Institutional Investors Sentiment

April 17, 2018 - By Ann Prendergast

M/I Homes, Inc. (NYSE:MHO) Logo

Sentiment for M I Homes Inc (NYSE:MHO)

M I Homes Inc (NYSE:MHO) institutional sentiment increased to 1.64 in 2017 Q4. Its up 0.49, from 1.15 in 2017Q3. The ratio improved, as 90 investment managers increased and started new equity positions, while 55 decreased and sold holdings in M I Homes Inc. The investment managers in our partner’s database now have: 27.09 million shares, up from 26.36 million shares in 2017Q3. Also, the number of investment managers holding M I Homes Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 12 Reduced: 43 Increased: 67 New Position: 23.

M/I Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes. The company has market cap of $962.28 million. The firm operates through Midwest Homebuilding, Southern Homebuilding, Mid-Atlantic Homebuilding, and Financial Services divisions. It has a 14.9 P/E ratio. It designs, constructs, markets, and sells single-family homes and attached townhomes to first-time, move-up, empty-nester, and luxury buyers under the M/I Homes and Showcase Collection brand names.

The stock increased 1.54% or $0.51 during the last trading session, reaching $33.69. About 92,145 shares traded. M/I Homes, Inc. (NYSE:MHO) has risen 29.43% since April 17, 2017 and is uptrending. It has outperformed by 17.88% the S&P500.

Analysts await M/I Homes, Inc. (NYSE:MHO) to report earnings on April, 25. They expect $0.71 earnings per share, up 29.09 % or $0.16 from last year’s $0.55 per share. MHO’s profit will be $20.28M for 11.86 P/E if the $0.71 EPS becomes a reality. After $0.90 actual earnings per share reported by M/I Homes, Inc. for the previous quarter, Wall Street now forecasts -21.11 % negative EPS growth.

Zpr Investment Management holds 4.99% of its portfolio in M/I Homes, Inc. for 100,480 shares. Covalent Partners Llc owns 168,480 shares or 4.91% of their US portfolio. Moreover, Donald Smith & Co. Inc. has 1.87% invested in the company for 2.25 million shares. The New York-based Walthausen & Co. Llc has invested 1.43% in the stock. Delphi Management Inc Ma, a Massachusetts-based fund reported 71,460 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 2 insider sales for $3.33 million activity.

M/I Homes, Inc. (NYSE:MHO) Ratings Coverage

Ratings analysis reveals 100% of M\/I Homes’s analysts are positive. Out of 2 Wall Street analysts rating M\/I Homes, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $38 while the high is $41. The stock’s average target of $39.50 is 17.25% above today’s ($33.69) share price. MHO was included in 2 notes of analysts from October 26, 2017. JMP Securities maintained M/I Homes, Inc. (NYSE:MHO) on Thursday, October 26 with “Market Outperform” rating. The company was maintained on Friday, December 29 by Wedbush.

M/I Homes, Inc. (NYSE:MHO) Institutional Positions Chart

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