Gratia Capital Lowers stake in M/I Homes Inc (MHO)

M/I Homes Inc (MHO) : Gratia Capital reduced its stake in M/I Homes Inc by 17.97% during the most recent quarter end. The investment management company now holds a total of 1,262,880 shares of M/I Homes Inc which is valued at $22.8 Million after selling 276,689 shares in M/I Homes Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.M/I Homes Inc makes up approximately 9.88% of Gratia Capital’s portfolio.

Other Hedge Funds, Including , Covalent Partners sold out all of its stake in MHO during the most recent quarter. The investment firm sold 289,066 shares of MHO which is valued $5.2 Million.Oppenheimerfunds boosted its stake in MHO in the latest quarter, The investment management firm added 1,903 additional shares and now holds a total of 33,109 shares of M/I Homes Inc which is valued at $596,955. Cornercap Investment Counsel Inc added MHO to its portfolio by purchasing 26,755 company shares during the most recent quarter which is valued at $482,393. M/I Homes Inc makes up approx 0.09% of Cornercap Investment Counsel Inc’s portfolio.Lsv Asset Management boosted its stake in MHO in the latest quarter, The investment management firm added 15,334 additional shares and now holds a total of 182,291 shares of M/I Homes Inc which is valued at $3.3 Million. M/I Homes Inc makes up approx 0.01% of Lsv Asset Management’s portfolio.

M/I Homes Inc closed down -0.12 points or -0.63% at $19 with 1,71,632 shares getting traded on Wednesday. Post opening the session at $19.14, the shares hit an intraday low of $18.9 and an intraday high of $19.2999 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, M/I Homes Inc reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.35. The company had revenue of $324.37 million for the quarter, compared to analysts expectations of $315.96 million. The company’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

M/I Homes Inc. is a builder of single-family homes. The Company operating segment includes homebuilding and financial services. The homebuilding operations segment include design market construct and sell single-family homes attached town homes and condominiums to first-time move-up empty-nester and luxury buyers. Its homebuilding operations have three divisions which includes the Midwest Mid-Atlantic and Southern regions. The financial services operations segment includes originating and selling mortgages and collecting fees for title insurance and closing services. Its financial services operations support its homebuilding operations by providing mortgage loans and title services to the customers of its homebuilding operations. It offers mortgage banking services to its homebuyers through its 100%-owned subsidiary M/I Financial. The Company has delivered approximately 90000 homes. It markets and sells its homes under the M/I Homes and Showcase Collection brands.

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