Sei Investments Co. Increases Stake in M/I Homes, Inc. (NYSE:MHO)

Sei Investments Co. lifted its holdings in M/I Homes, Inc. (NYSE:MHO - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 89,763 shares of the construction company's stock after acquiring an additional 16,138 shares during the quarter. Sei Investments Co. owned 0.32% of M/I Homes worth $11,934,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in M/I Homes during the fourth quarter valued at about $27,000. R Squared Ltd bought a new stake in shares of M/I Homes in the 4th quarter valued at about $33,000. Steward Partners Investment Advisory LLC bought a new stake in shares of M/I Homes in the 4th quarter valued at about $70,000. Jones Financial Companies Lllp purchased a new stake in M/I Homes during the 4th quarter valued at about $80,000. Finally, Daiwa Securities Group Inc. bought a new position in M/I Homes during the 3rd quarter worth approximately $86,000. Institutional investors own 95.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MHO. Raymond James reissued a "strong-buy" rating and set a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. 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 Trading Down 5.7 %

Shares of MHO stock traded down $6.63 during trading hours on Thursday, reaching $109.10. The company's stock had a trading volume of 384,473 shares, compared to its average volume of 287,385. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2.96 billion, a P/E ratio of 5.54 and a beta of 2.31. The firm's fifty day simple moving average is $119.37 and its 200 day simple moving average is $141.98. M/I Homes, Inc. has a one year low of $106.57 and a one year high of $176.18.

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 (EPS) for the quarter, missing analysts' consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. Equities research analysts expect 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.