5 Housing Stocks Redditors are Buying

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

Number of Hedge Fund Holders: 19

M/I Homes, Inc. (NYSE:MHO) constructs single-family homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee, catering to first-time, millennial, move-up, empty-nester, and luxury buyers. 

M/I Homes, Inc. (NYSE:MHO) posted its Q4 earnings on February 2, reporting an EPS of $3.83, outperforming consensus estimates by $0.45. Revenue over the period jumped 16% from the prior-year quarter, coming in at $1.05 billion, topping analysts’ predictions by almost $70 million. 

On February 17, M/I Homes, Inc. (NYSE:MHO) announced an increase in its existing share repurchase authorization of $100 million. With the increase, the company has raised the available authorization under the buy back program up to $148.5 million of its common shares.

According to Insider Monkey’s Q4 data, 19 hedge funds were bullish on M/I Homes, Inc. (NYSE:MHO), with collective stakes amounting to approximately $136 million, compared to 17 funds in the earlier quarter, holding stakes in M/I Homes, Inc. (NYSE:MHO) worth $90.75 million. Matthew Lindenbaum’s Basswood Capital held the leading position in the company, with 612,924 shares valued at more than $38 million.