Fisher Asset Management LLC Boosts Stake in M/I Homes, Inc. (NYSE:MHO)

Fisher Asset Management LLC increased its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 122.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,293 shares of the construction company's stock after purchasing an additional 19,974 shares during the period. Fisher Asset Management LLC owned approximately 0.13% of M/I Homes worth $4,825,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its stake in shares of M/I Homes by 3.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 15,504 shares of the construction company's stock valued at $2,061,000 after purchasing an additional 533 shares during the period. Los Angeles Capital Management LLC boosted its position in M/I Homes by 1.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 10,425 shares of the construction company's stock valued at $1,386,000 after buying an additional 194 shares during the last quarter. Quartz Partners LLC lifted its stake in shares of M/I Homes by 11.6% in the 4th quarter. Quartz Partners LLC now owns 10,100 shares of the construction company's stock valued at $1,343,000 after purchasing an additional 1,048 shares during the period. Colonial River Investments LLC lifted its stake in shares of M/I Homes by 5.9% in the 4th quarter. Colonial River Investments LLC now owns 2,451 shares of the construction company's stock valued at $326,000 after purchasing an additional 136 shares during the period. Finally, Aspen Investment Management Inc raised its stake in M/I Homes by 110.6% during the 4th quarter. Aspen Investment Management Inc now owns 3,960 shares of the construction company's stock worth $526,000 after buying an additional 2,080 shares during the period. Institutional investors and hedge funds own 95.14% of the company's stock.

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M/I Homes Stock Performance

M/I Homes stock traded down $0.19 during midday trading on Friday, reaching $121.39. 269,522 shares of the company's stock were exchanged, compared to its average volume of 321,469. 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 quick ratio of 1.93 and a current ratio of 7.65. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 6.16 and a beta of 2.31. The stock's 50-day simple moving average is $125.52 and its 200 day simple moving average is $147.43.

M/I Homes (NYSE:MHO - Get Free Report) last issued 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%. On average, analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com raised M/I Homes from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Raymond James reiterated 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. Finally, Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday.

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.