Harbor Capital Advisors Inc. Acquires 15,227 Shares of M/I Homes, Inc. (NYSE:MHO)

Harbor Capital Advisors Inc. increased its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 100.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,350 shares of the construction company's stock after acquiring an additional 15,227 shares during the period. Harbor Capital Advisors Inc. owned about 0.11% of M/I Homes worth $5,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MHO. Assenagon Asset Management S.A. lifted its stake in M/I Homes by 260.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company's stock valued at $34,251,000 after purchasing an additional 144,406 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of M/I Homes by 187.0% during the second quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company's stock valued at $9,673,000 after acquiring an additional 51,600 shares during the last quarter. American Century Companies Inc. raised its stake in shares of M/I Homes by 7.7% during the second quarter. American Century Companies Inc. now owns 703,983 shares of the construction company's stock valued at $85,984,000 after acquiring an additional 50,330 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of M/I Homes by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,096,407 shares of the construction company's stock valued at $285,719,000 after acquiring an additional 39,542 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in shares of M/I Homes by 3.0% during the first quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company's stock valued at $166,272,000 after acquiring an additional 35,558 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MHO. StockNews.com downgraded shares of M/I Homes from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Wedbush raised shares of M/I Homes from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $155.00 to $185.00 in a research note on Monday. Finally, Raymond James lifted their target price on shares of M/I Homes from $200.00 to $210.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 2nd.

M/I Homes Stock Up 3.8 %

Shares of MHO traded up $5.68 during trading hours on Monday, reaching $155.91. 261,762 shares of the stock traded hands, compared to its average volume of 276,387. The company has a current ratio of 6.52, a quick ratio of 1.76 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $162.71 and a 200 day simple moving average of $142.75. M/I Homes, Inc. has a 52 week low of $92.14 and a 52 week high of $176.18. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 8.53 and a beta of 2.24.

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.