Congress Asset Management Co. Has $6.81 Million Holdings in M/I Homes, Inc. (NYSE:MHO)

Congress Asset Management Co. boosted its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,248 shares of the construction company's stock after buying an additional 5,379 shares during the quarter. Congress Asset Management Co. owned 0.18% of M/I Homes worth $6,813,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in M/I Homes during the 3rd quarter worth approximately $27,000. R Squared Ltd purchased a new position in M/I Homes during the 4th quarter worth approximately $33,000. Signaturefd LLC grew its position in M/I Homes by 49.4% during the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company's stock worth $61,000 after purchasing an additional 117 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in M/I Homes during the 3rd quarter worth approximately $86,000. Finally, Private Trust Co. NA purchased a new position in M/I Homes during the 3rd quarter worth approximately $88,000. Institutional investors and hedge funds own 95.14% of the company's stock.

M/I Homes Stock Down 2.0 %

Shares of M/I Homes stock traded down $2.36 on Friday, hitting $116.95. 245,486 shares of the company traded hands, compared to its average volume of 326,976. The company has a 50-day moving average price of $130.43 and a 200 day moving average price of $149.44. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 12-month low of $109.92 and a 12-month high of $176.18. The company has a market cap of $3.17 billion, a PE ratio of 5.93 and a beta of 2.29.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Raymond James reiterated a "strong-buy" rating and set a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. StockNews.com cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Wedbush upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $155.00 to $185.00 in a research report on Monday, November 4th.

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.