M/I Homes, Inc. (NYSE:MHO) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 107.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,523 shares of the construction company's stock after buying an additional 2,858 shares during the quarter. Vontobel Holding Ltd.'s holdings in M/I Homes were worth $734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP boosted its position in M/I Homes by 3.7% during the third quarter. Westfield Capital Management Co. LP now owns 1,107,024 shares of the construction company's stock worth $189,700,000 after acquiring an additional 39,492 shares during the last quarter. Geode Capital Management LLC increased its position in shares of M/I Homes by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company's stock valued at $124,050,000 after purchasing an additional 21,575 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 valued at $79,182,000 after buying an additional 19,754 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of M/I Homes in the 4th quarter valued at $43,674,000. Finally, Basswood Capital Management L.L.C. grew its position in shares of M/I Homes by 1.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 314,634 shares of the construction company's stock valued at $53,916,000 after buying an additional 5,571 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MHO. StockNews.com cut shares of M/I Homes from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Wedbush upgraded shares of M/I Homes from a "neutral" rating to an "outperform" rating and increased their price target for the company from $155.00 to $185.00 in a report on Monday, November 4th. Finally, Raymond James reiterated a "strong-buy" rating and issued a $168.00 price target (down previously 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 $3.01 during mid-day trading on Friday, hitting $116.29. 100,698 shares of the company's stock traded hands, compared to its average volume of 322,269. 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's 50 day simple moving average is $130.43 and its 200 day simple moving average is $149.44. M/I Homes, Inc. has a 1 year low of $109.92 and a 1 year high of $176.18. The company has a market cap of $3.15 billion, a PE ratio of 5.90 and a beta of 2.29.

M/I Homes (NYSE:MHO - Get Free Report) last released its earnings results 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%. Sell-side analysts expect that M/I Homes, Inc. will post 18.44 EPS 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.