M/I Homes (NYSE:MHO - Get Free Report) was upgraded by analysts at Seaport Res Ptn from a "hold" rating to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.
MHO has been the subject of several other reports. Raymond James reaffirmed a "strong-buy" rating and set a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. StockNews.com upgraded shares of M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.
Read Our Latest Report on MHO
M/I Homes Stock Performance
Shares of NYSE:MHO traded down $0.19 during mid-day trading on Thursday, reaching $121.39. The company had a trading volume of 269,522 shares, compared to its average volume of 321,469. The company's 50-day moving average price is $125.52 and its 200-day moving average price is $147.43. 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 has a one year low of $109.92 and a one year high of $176.18. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 6.16 and a beta of 2.31.
M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings results 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%. As a group, equities research analysts anticipate that M/I Homes will post 18.44 EPS for the current fiscal year.
Hedge Funds Weigh In On M/I Homes
Large investors have recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of M/I Homes in the 4th quarter valued at about $27,000. R Squared Ltd purchased a new stake in M/I Homes during the 4th quarter worth approximately $33,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of M/I Homes in the 4th quarter valued at $50,000. Daiwa Securities Group Inc. purchased a new stake in shares of M/I Homes in the 3rd quarter valued at $86,000. Finally, Private Trust Co. NA purchased a new stake in shares of M/I Homes in the 3rd quarter valued at $88,000. 95.14% of the stock is owned by hedge funds and other institutional investors.
M/I Homes Company Profile
(
Get 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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