Truvestments Capital LLC Grows Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Truvestments Capital LLC increased its position in shares of M/I Homes, Inc. (NYSE:MHO) by 20.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,954 shares of the construction company’s stock after buying an additional 1,355 shares during the quarter. Truvestments Capital LLC’s holdings in M/I Homes were worth $1,057,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its holdings in M/I Homes by 46.1% during the fourth quarter. HighTower Advisors LLC now owns 3,795 shares of the construction company’s stock worth $505,000 after buying an additional 1,198 shares in the last quarter. AlphaQuest LLC boosted its holdings in M/I Homes by 18.4% during the fourth quarter. AlphaQuest LLC now owns 9,362 shares of the construction company’s stock worth $1,245,000 after buying an additional 1,457 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in M/I Homes during the fourth quarter worth $10,672,000. NewSquare Capital LLC boosted its holdings in M/I Homes by 5.1% during the fourth quarter. NewSquare Capital LLC now owns 30,252 shares of the construction company’s stock worth $4,022,000 after buying an additional 1,461 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in M/I Homes during the fourth quarter worth $70,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MHO shares. Seaport Res Ptn upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Raymond James restated a “strong-buy” rating and set a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th.

M/I Homes Price Performance

Shares of NYSE MHO opened at $118.91 on Wednesday. The firm has a 50-day simple moving average of $125.00 and a 200-day simple moving average of $146.82. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 6.03 and a beta of 2.31. The company has a quick ratio of 1.93, a current ratio of 7.65 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 issued its earnings results on Wednesday, January 29th. The construction company reported $4.71 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%. On average, equities analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal 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.