M/I Homes, Inc. (NYSE:MHO) Shares Acquired by Shaker Investments LLC OH

Shaker Investments LLC OH lifted its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,396 shares of the construction company's stock after buying an additional 3,287 shares during the quarter. Shaker Investments LLC OH owned approximately 0.07% of M/I Homes worth $2,446,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in M/I Homes in the 3rd quarter worth $1,388,000. West Oak Capital LLC increased its stake in shares of M/I Homes by 4,865.0% during the fourth quarter. West Oak Capital LLC now owns 4,965 shares of the construction company's stock worth $660,000 after purchasing an additional 4,865 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of M/I Homes during the third quarter worth about $4,698,000. Range Financial Group LLC acquired a new position in shares of M/I Homes during the 4th quarter worth about $834,000. Finally, Royce & Associates LP lifted its stake in M/I Homes by 30.0% in the 3rd quarter. Royce & Associates LP now owns 192,907 shares of the construction company's stock valued at $33,057,000 after buying an additional 44,559 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Price Performance

MHO stock traded up $1.02 during mid-day trading on Friday, reaching $118.87. The company's stock had a trading volume of 164,591 shares, compared to its average volume of 321,640. The company has a current ratio of 7.32, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The company's 50 day moving average is $134.42 and its two-hundred day moving average is $151.00. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18. The stock has a market cap of $3.30 billion, a PE ratio of 6.05 and a beta of 2.29.

M/I Homes (NYSE:MHO - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS 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%. Equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MHO shares. Wedbush upgraded M/I Homes from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $155.00 to $185.00 in a research note on Monday, November 4th. StockNews.com cut M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Raymond James restated a "strong-buy" rating and issued a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

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.