Magnetar Financial LLC Takes $341,000 Position in M/I Homes, Inc. (NYSE:MHO)

Magnetar Financial LLC purchased a new stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,565 shares of the construction company's stock, valued at approximately $341,000.

Other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in M/I Homes during the third quarter worth $1,365,000. Intech Investment Management LLC increased its position in shares of M/I Homes by 100.5% in the third quarter. Intech Investment Management LLC now owns 9,245 shares of the construction company's stock valued at $1,584,000 after buying an additional 4,635 shares in the last quarter. Foundry Partners LLC acquired a new position in shares of M/I Homes during the 3rd quarter worth $393,000. Charles Schwab Investment Management Inc. boosted its position in shares of M/I Homes by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company's stock worth $79,182,000 after buying an additional 19,754 shares in the last quarter. Finally, Citigroup Inc. grew its stake in M/I Homes by 48.4% in the 3rd quarter. Citigroup Inc. now owns 55,705 shares of the construction company's stock valued at $9,546,000 after acquiring an additional 18,173 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. 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. Raymond James reiterated a "strong-buy" rating and set a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Finally, StockNews.com raised M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

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M/I Homes Trading Down 1.8 %

Shares of NYSE MHO traded down $2.21 during midday trading on Tuesday, reaching $118.21. 93,146 shares of the stock were exchanged, compared to its average volume of 275,076. The stock has a 50 day moving average price of $122.88 and a 200-day moving average price of $144.17. 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 market capitalization of $3.21 billion, a P/E ratio of 6.01 and a beta of 2.31. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18.

M/I Homes (NYSE:MHO - Get Free Report) last issued 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 return on equity of 20.20% and a net margin of 12.51%. Equities research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal 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.