Raymond James Financial Inc. Acquires Shares of 80,271 M/I Homes, Inc. (NYSE:MHO)

Raymond James Financial Inc. acquired a new position 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 (SEC). The fund acquired 80,271 shares of the construction company's stock, valued at approximately $10,672,000. Raymond James Financial Inc. owned approximately 0.29% of M/I Homes as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MHO. Principal Securities Inc. acquired a new stake in M/I Homes in the 4th quarter valued at $27,000. R Squared Ltd bought a new stake in M/I Homes during the fourth quarter worth about $33,000. Steward Partners Investment Advisory LLC acquired a new position in M/I Homes during the fourth quarter valued at approximately $70,000. Jones Financial Companies Lllp bought a new position in M/I Homes in the fourth quarter valued at approximately $80,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of M/I Homes during the 3rd quarter worth approximately $86,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MHO shares. Seaport Res Ptn raised shares of 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 issued a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Finally, StockNews.com raised shares of M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th.

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M/I Homes Stock Performance

MHO traded up $4.66 during trading hours on Monday, reaching $120.54. The company's stock had a trading volume of 215,939 shares, compared to its average volume of 275,239. The company's 50-day moving average is $123.00 and its 200-day moving average is $144.42. M/I Homes, Inc. has a 52 week low of $109.92 and a 52 week high of $176.18. The firm has a market cap of $3.27 billion, a PE ratio of 6.12 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.

M/I Homes (NYSE:MHO - Get Free Report) last issued its quarterly earnings data 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 net margin of 12.51% and a return on equity of 20.20%. On average, equities analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

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.