Shaker Investments LLC OH Purchases 3,287 Shares of M/I Homes, Inc. (NYSE:MHO)

Shaker Investments LLC OH grew its position in shares of M/I Homes, Inc. (NYSE:MHO) by 21.8% in the fourth quarter, Holdings Channel reports. The fund owned 18,396 shares of the construction company’s stock after buying an additional 3,287 shares during the quarter. Shaker Investments LLC OH’s holdings in M/I Homes were worth $2,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MHO. V Square Quantitative Management LLC bought a new stake in M/I Homes in the third quarter worth about $27,000. R Squared Ltd bought a new stake in shares of M/I Homes during the 4th quarter worth approximately $33,000. Signaturefd LLC boosted its holdings in M/I Homes by 49.4% during the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after acquiring an additional 117 shares during the period. Daiwa Securities Group Inc. bought a new position in M/I Homes in the 3rd quarter valued at $86,000. Finally, Private Trust Co. NA purchased a new stake in M/I Homes in the third quarter worth $88,000. 95.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MHO. StockNews.com cut shares of M/I Homes from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Raymond James restated a “strong-buy” rating and issued a $168.00 target price (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Finally, Wedbush raised M/I Homes from a “neutral” rating to an “outperform” rating and upped their target price for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

M/I Homes Trading Up 0.9 %

Shares of MHO opened at $117.14 on Tuesday. The firm’s fifty day moving average is $138.12 and its two-hundred day moving average is $152.08. The stock has a market cap of $3.25 billion, a PE ratio of 5.94 and a beta of 2.29. The company has a quick ratio of 1.93, a current ratio of 7.32 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share 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%. Research analysts forecast 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.