Top 5 Extreme Value Stocks To Buy Now

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

Number of Hedge Fund Holders: 26

M/I Homes, Inc. (NYSE:MHO) 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. The company posted a Q3 GAAP EPS of $4.67, outperforming Wall Street estimates by $0.62. M/I Homes, Inc. (NYSE:MHO) is one of the best extreme value stocks to monitor. 

On October 27, Wedbush analyst Jay McCanless reiterated an Outperform rating on M/I Homes, Inc. (NYSE:MHO) but trimmed the price target on the shares to $63 from $83 following the Q3 results. While the analyst is not forecasting huge scale impairments, he believes it is unrealistic to expect a near doubling in M/I Homes, Inc. (NYSE:MHO)’s stock price in a rising rates backdrop.

According to Insider Monkey’s data, 26 hedge funds were long M/I Homes, Inc. (NYSE:MHO) at the end of September 2022, compared to 23 funds in the earlier quarter. Israel Englander’s Millennium Management is the biggest stakeholder of the company, with 450,578 shares worth $16.3 million.