Cibc World Markets Corp Invests $331,000 in M/I Homes, Inc. (NYSE:MHO)

Cibc World Markets Corp purchased a new position in M/I Homes, Inc. (NYSE:MHO - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,492 shares of the construction company's stock, valued at approximately $331,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of M/I Homes by 3.1% during the third quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company's stock worth $124,050,000 after purchasing an additional 21,575 shares during the period. Charles Schwab Investment Management Inc. raised its stake in M/I Homes by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company's stock worth $79,182,000 after acquiring an additional 19,754 shares during the period. Hennessy Advisors Inc. acquired a new stake in M/I Homes during the fourth quarter worth about $43,674,000. Basswood Capital Management L.L.C. lifted its holdings in M/I Homes by 1.8% in the third quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company's stock worth $53,916,000 after acquiring an additional 5,571 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in M/I Homes by 42.5% in the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock valued at $36,544,000 after acquiring an additional 81,964 shares during the period. 95.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MHO has been the topic of several recent research reports. StockNews.com raised M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Raymond James restated a "strong-buy" rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th.

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M/I Homes Stock Performance

MHO stock traded down $2.47 on Tuesday, reaching $117.95. The company's stock had a trading volume of 203,389 shares, compared to its average volume of 275,076. The company has a market capitalization of $3.20 billion, a P/E ratio of 5.98 and a beta of 2.31. The firm has a fifty day moving average of $122.88 and a two-hundred day moving average of $144.17. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts' consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. As a group, analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

M/I Homes Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential 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.