Cibc World Markets Corp Acquires New Holdings in M/I Homes, Inc. (NYSE:MHO)

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

Several other hedge funds have also bought and sold shares of the stock. Hennessy Advisors Inc. purchased a new position in shares of M/I Homes in the 4th quarter worth $43,674,000. Royce & Associates LP lifted its holdings in shares of M/I Homes by 42.5% in the 4th 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 last quarter. Raymond James Financial Inc. purchased a new position in M/I Homes in the fourth quarter worth about $10,672,000. Vision Capital Corp purchased a new stake in M/I Homes during the third quarter valued at approximately $12,424,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of M/I Homes by 129.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company's stock valued at $21,342,000 after purchasing an additional 70,278 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MHO. 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 report on Thursday, January 30th. StockNews.com raised shares of M/I Homes from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

Remove Ads

M/I Homes Trading Down 2.6 %

MHO traded down $2.99 during trading hours on Friday, reaching $113.70. 206,846 shares of the company's stock traded hands, compared to its average volume of 288,196. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.08 billion, a PE ratio of 5.77 and a beta of 2.31. The firm has a 50-day moving average price of $121.78 and a 200 day moving average price of $143.52. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

M/I Homes Company 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.