Royce & Associates LP raised its position in M/I Homes, Inc. (NYSE:MHO - Free Report) by 42.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 274,871 shares of the construction company's stock after acquiring an additional 81,964 shares during the period. Royce & Associates LP owned about 0.99% of M/I Homes worth $36,544,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Principal Securities Inc. acquired a new position in shares of M/I Homes in the fourth quarter valued at $27,000. R Squared Ltd bought a new stake in M/I Homes in the 4th quarter valued at $33,000. Daiwa Securities Group Inc. acquired a new position in shares of M/I Homes in the 3rd quarter valued at $86,000. Private Trust Co. NA bought a new position in shares of M/I Homes during the 3rd quarter worth about $88,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of M/I Homes during the 4th quarter worth about $70,000. Institutional investors own 95.14% of the company's stock.
M/I Homes Price Performance
Shares of M/I Homes stock traded up $0.57 during mid-day trading on Thursday, reaching $117.76. 199,969 shares of the stock were exchanged, compared to its average volume of 273,565. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 5.97 and a beta of 2.31. The firm has a 50-day simple moving average of $123.37 and a 200 day simple moving average of $145.06. 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 posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share 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, sell-side analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently weighed in on MHO shares. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. StockNews.com upgraded M/I Homes from a "hold" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Raymond James restated a "strong-buy" rating and set a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th.
View Our Latest Stock Analysis on MHO
M/I Homes Company Profile
(
Free Report)
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.
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