Dynamic Technology Lab Private Ltd Acquires Shares of 13,060 M/I Homes, Inc. (NYSE:MHO)

Dynamic Technology Lab Private Ltd acquired 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 and Exchange Commission. The institutional investor acquired 13,060 shares of the construction company's stock, valued at approximately $1,736,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MHO. Arkadios Wealth Advisors boosted its holdings in M/I Homes by 4.2% in the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock valued at $296,000 after acquiring an additional 90 shares in the last quarter. Bay Rivers Group increased its position in M/I Homes by 2.7% during the fourth quarter. Bay Rivers Group now owns 4,911 shares of the construction company's stock valued at $653,000 after acquiring an additional 128 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in M/I Homes by 5.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company's stock valued at $324,000 after buying an additional 131 shares during the last quarter. Nvest Financial LLC raised its holdings in M/I Homes by 7.8% in the 4th quarter. Nvest Financial LLC now owns 1,822 shares of the construction company's stock worth $242,000 after purchasing an additional 132 shares during the period. Finally, Colonial River Investments LLC lifted its position in shares of M/I Homes by 5.9% during the 4th quarter. Colonial River Investments LLC now owns 2,451 shares of the construction company's stock valued at $326,000 after buying an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have weighed in on MHO. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. StockNews.com raised shares of M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Finally, Raymond James reissued a "strong-buy" rating and set a $168.00 price target (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

M/I Homes Price Performance

NYSE MHO traded down $4.76 during trading on Thursday, hitting $105.64. 76,178 shares of the stock traded hands, compared to its average volume of 287,427. 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 company has a market capitalization of $2.86 billion, a P/E ratio of 5.38 and a beta of 1.99. M/I Homes, Inc. has a 12-month low of $100.22 and a 12-month high of $176.18. The firm has a 50-day simple moving average of $116.52 and a 200-day simple moving average of $139.47.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings data 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%. As a group, analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current 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.