KLP Kapitalforvaltning AS Invests $1.02 Million in M/I Homes, Inc. (NYSE:MHO)

KLP Kapitalforvaltning AS purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,700 shares of the construction company's stock, valued at approximately $1,024,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sei Investments Co. raised its stake in M/I Homes by 21.9% during the 4th quarter. Sei Investments Co. now owns 89,763 shares of the construction company's stock valued at $11,934,000 after acquiring an additional 16,138 shares in the last quarter. American Century Companies Inc. lifted its holdings in M/I Homes by 2.4% in the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock worth $113,063,000 after purchasing an additional 20,055 shares during the period. Virtu Financial LLC acquired a new stake in M/I Homes in the fourth quarter worth about $615,000. Quantbot Technologies LP grew its position in M/I Homes by 326.8% in the 4th quarter. Quantbot Technologies LP now owns 30,638 shares of the construction company's stock valued at $4,073,000 after buying an additional 23,459 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in M/I Homes during the 4th quarter valued at about $341,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MHO. 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. Raymond James restated a "strong-buy" rating and issued a $168.00 target price (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Finally, StockNews.com upgraded M/I Homes from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th.

Remove Ads

M/I Homes Price Performance

Shares of NYSE MHO traded down $6.63 during midday trading on Thursday, reaching $109.10. The company's stock had a trading volume of 384,473 shares, compared to its average volume of 287,385. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 5.54 and a beta of 2.31. M/I Homes, Inc. has a one year low of $106.57 and a one year high of $176.18. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $119.37 and a 200 day moving average price of $141.98.

M/I Homes (NYSE:MHO - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 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%. On average, equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

About M/I Homes

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.