M/I Homes, Inc. (NYSE:MHO) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. boosted its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 104.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,500 shares of the construction company's stock after purchasing an additional 3,327 shares during the quarter. Fox Run Management L.L.C.'s holdings in M/I Homes were worth $864,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MHO. Hennessy Advisors Inc. purchased a new stake in shares of M/I Homes in the fourth quarter valued at about $43,674,000. Royce & Associates LP raised its stake in M/I Homes by 42.5% during 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. acquired a new stake in M/I Homes during the 4th quarter worth approximately $10,672,000. Vision Capital Corp purchased a new position in shares of M/I Homes in the 3rd quarter valued at approximately $12,424,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of M/I Homes by 129.5% in the third 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 period. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MHO. StockNews.com upgraded shares of M/I Homes from a "hold" rating to a "buy" rating in a research 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 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.

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M/I Homes Price Performance

Shares of MHO traded down $2.99 during trading hours on Friday, reaching $113.70. The company had a trading volume of 206,846 shares, compared to its average volume of 287,933. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 5.77 and a beta of 2.31. M/I Homes, Inc. has a 12-month low of $109.92 and a 12-month high of $176.18. The firm has a 50 day simple moving average of $121.29 and a 200-day simple moving average of $143.23. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33.

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