M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 326.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,638 shares of the construction company's stock after acquiring an additional 23,459 shares during the quarter. Quantbot Technologies LP owned approximately 0.11% of M/I Homes worth $4,073,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Magnetar Financial LLC acquired a new stake in shares of M/I Homes in the 4th quarter valued at about $341,000. Teacher Retirement System of Texas raised its stake in M/I Homes by 8.0% during the fourth quarter. Teacher Retirement System of Texas now owns 24,900 shares of the construction company's stock valued at $3,310,000 after buying an additional 1,846 shares in the last quarter. Xponance Inc. lifted its holdings in M/I Homes by 10.7% during the 4th quarter. Xponance Inc. now owns 1,922 shares of the construction company's stock worth $256,000 after buying an additional 185 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in M/I Homes by 5.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company's stock worth $324,000 after buying an additional 131 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of M/I Homes in the 4th quarter worth approximately $331,000. 95.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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M/I Homes Stock Performance

Shares of M/I Homes stock traded up $1.27 on Wednesday, reaching $117.18. 246,138 shares of the company were exchanged, compared to its average volume of 273,606. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 5.95 and a beta of 2.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The company's 50-day moving average is $123.58 and its two-hundred day moving average is $145.25.

M/I Homes (NYSE:MHO - Get Free Report) last issued its earnings results 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%. As a group, research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

M/I Homes 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.