M/I Homes (NYSE:MHO) Upgraded at Wedbush

Wedbush upgraded shares of M/I Homes (NYSE:MHO - Free Report) from a neutral rating to an outperform rating in a report released on Monday, MarketBeat Ratings reports. Wedbush currently has $185.00 price target on the construction company's stock, up from their previous price target of $155.00.

Several other brokerages have also recently issued reports on MHO. Raymond James boosted their price objective on M/I Homes from $200.00 to $210.00 and gave the company a "strong-buy" rating in a report on Friday, August 2nd. StockNews.com downgraded M/I Homes from a "strong-buy" rating to a "buy" rating in a report on Thursday.

M/I Homes Stock Up 3.8 %

Shares of NYSE MHO traded up $5.68 during trading hours on Monday, hitting $155.91. 261,762 shares of the stock were exchanged, compared to its average volume of 276,387. M/I Homes has a 12 month low of $92.14 and a 12 month high of $176.18. The firm has a fifty day moving average price of $162.71 and a 200-day moving average price of $142.75. The company has a quick ratio of 1.76, a current ratio of 6.52 and a debt-to-equity ratio of 0.33. The company has a market cap of $4.33 billion, a PE ratio of 8.53 and a beta of 2.24.

Hedge Funds Weigh In On M/I Homes

Hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its position in shares of M/I Homes by 260.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 199,877 shares of the construction company's stock worth $34,251,000 after purchasing an additional 144,406 shares during the last quarter. Renaissance Technologies LLC increased its stake in M/I Homes by 187.0% during the 2nd quarter. Renaissance Technologies LLC now owns 79,200 shares of the construction company's stock worth $9,673,000 after buying an additional 51,600 shares in the last quarter. American Century Companies Inc. raised its holdings 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. lifted its position in shares of M/I Homes by 1.9% in 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 in the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in shares of M/I Homes by 3.0% in the first quarter. Westfield Capital Management Co. LP now owns 1,219,989 shares of the construction company's stock worth $166,272,000 after acquiring an additional 35,558 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company's stock.

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.