Renaissance Technologies LLC Increases Stake in M/I Homes, Inc. (NYSE:MHO)

Renaissance Technologies LLC grew its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 14.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,800 shares of the construction company's stock after acquiring an additional 5,500 shares during the period. Renaissance Technologies LLC owned about 0.15% of M/I Homes worth $5,690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hennessy Advisors Inc. purchased a new stake in shares of M/I Homes in the 4th quarter worth $43,674,000. Royce & Associates LP raised its holdings in shares of M/I Homes by 42.5% in the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock valued at $36,544,000 after acquiring an additional 81,964 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in M/I Homes in the fourth quarter worth about $10,672,000. Donald Smith & CO. Inc. grew its holdings in M/I Homes by 6.0% during the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock worth $154,779,000 after acquiring an additional 65,771 shares in the last quarter. Finally, Barclays PLC increased its position in M/I Homes by 45.7% during the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company's stock valued at $21,690,000 after purchasing an additional 39,711 shares during the period. Institutional investors own 95.14% of the company's stock.

Wall Street Analysts Forecast Growth

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

M/I Homes Stock Down 3.3 %

Shares of NYSE:MHO traded down $3.56 during trading on Wednesday, reaching $105.77. The stock had a trading volume of 237,633 shares, compared to its average volume of 287,448. The firm's 50-day simple moving average is $114.20 and its 200 day simple moving average is $135.63. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18. The company has a market capitalization of $2.87 billion, a P/E ratio of 5.40 and a beta of 1.99.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing the consensus estimate of $4.16 by ($0.18). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. As a group, research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

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.