Oak Associates Ltd. OH Invests $601,000 in M/I Homes, Inc. (NYSE:MHO)

Oak Associates Ltd. OH bought a new stake in M/I Homes, Inc. (NYSE:MHO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,521 shares of the construction company's stock, valued at approximately $601,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MHO. Renaissance Technologies LLC lifted its position in M/I Homes by 14.7% in the fourth quarter. Renaissance Technologies LLC now owns 42,800 shares of the construction company's stock worth $5,690,000 after purchasing an additional 5,500 shares during the period. Bank of Montreal Can lifted its position in shares of M/I Homes by 10.3% during the 4th quarter. Bank of Montreal Can now owns 5,423 shares of the construction company's stock worth $721,000 after buying an additional 508 shares during the period. Round Hill Asset Management raised its holdings in shares of M/I Homes by 12.4% in the fourth quarter. Round Hill Asset Management now owns 14,753 shares of the construction company's stock valued at $1,961,000 after buying an additional 1,633 shares during the last quarter. Cerity Partners LLC lifted its position in M/I Homes by 8.6% during the 4th quarter. Cerity Partners LLC now owns 17,188 shares of the construction company's stock valued at $2,285,000 after purchasing an additional 1,355 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in M/I Homes during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

M/I Homes Trading Down 0.9 %

Shares of NYSE MHO traded down $1.01 during trading hours on Tuesday, hitting $106.16. The company's stock had a trading volume of 189,007 shares, compared to its average volume of 286,977. M/I Homes, Inc. has a 12 month low of $100.22 and a 12 month high of $176.18. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 5.39 and a beta of 1.99. The business has a 50-day simple moving average of $115.65 and a 200-day simple moving average of $138.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65.

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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 (EPS) for the quarter, missing analysts' consensus estimates 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, analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on MHO shares. StockNews.com upgraded M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Seaport Res Ptn upgraded M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Raymond James reiterated a "strong-buy" rating and set a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

About M/I Homes

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.