Should You Avoid M/I Homes Inc (MHO)?

Page 1 of 2

M/I Homes Inc (NYSE:MHO) shareholders have witnessed a decrease in support from the world’s most elite money managers recently.

In the financial world, there are a multitude of indicators investors can use to analyze publicly traded companies. A duo of the most useful are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top fund managers can outpace the S&P 500 by a solid amount (see just how much).

M/I Homes Inc (NYSE:MHO)

Just as beneficial, positive insider trading activity is another way to parse down the world of equities. Obviously, there are lots of reasons for a bullish insider to drop shares of his or her company, but only one, very clear reason why they would buy. Many empirical studies have demonstrated the valuable potential of this method if you know what to do (learn more here).

With these “truths” under our belt, let’s take a glance at the recent action surrounding M/I Homes Inc (NYSE:MHO).

What does the smart money think about M/I Homes Inc (NYSE:MHO)?

At year’s end, a total of 6 of the hedge funds we track held long positions in this stock, a change of -50% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were increasing their stakes substantially.

When looking at the hedgies we track, ZWEIG DIMENNA PARTNERS, managed by Joe DiMenna, holds the most valuable position in M/I Homes Inc (NYSE:MHO). ZWEIG DIMENNA PARTNERS has a $14.5 million position in the stock, comprising 0.7% of its 13F portfolio. On ZWEIG DIMENNA PARTNERS’s heels is Cliff Asness of AQR Capital Management, with a $6.3 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Some other peers that hold long positions include Richard Driehaus’s Driehaus Capital, Israel Englander’s Millennium Management and D. E. Shaw’s D E Shaw.

Due to the fact that M/I Homes Inc (NYSE:MHO) has witnessed bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there lies a certain “tier” of funds who were dropping their positions entirely heading into 2013. It’s worth mentioning that Bruce Kovner’s Caxton Associates LP said goodbye to the biggest investment of all the hedgies we monitor, comprising close to $1 million in stock.. Jim Simons’s fund, Renaissance Technologies, also said goodbye to its stock, about $0.9 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 6 funds heading into 2013.

What have insiders been doing with M/I Homes Inc (NYSE:MHO)?

Insider trading activity, especially when it’s bullish, is particularly usable when the company in focus has experienced transactions within the past 180 days. Over the last six-month time frame, M/I Homes Inc (NYSE:MHO) has experienced 1 unique insiders purchasing, and 3 insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to M/I Homes Inc (NYSE:MHO). These stocks are Meritage Homes Corp (NYSE:MTH), Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN), Beazer Homes USA, Inc. (NYSE:BZH), Gafisa SA (ADR) (NYSE:GFA), and Hovnanian Enterprises, Inc. (NYSE:HOV). This group of stocks are the members of the residential construction industry and their market caps are closest to MHO’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!