Cullen Capital Management LLC Acquires 390 Shares of M/I Homes, Inc. (NYSE:MHO)

Cullen Capital Management LLC increased its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,248 shares of the construction company’s stock after purchasing an additional 390 shares during the quarter. Cullen Capital Management LLC’s holdings in M/I Homes were worth $831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Arkadios Wealth Advisors lifted its stake in M/I Homes by 4.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock valued at $296,000 after acquiring an additional 90 shares during the period. Bay Rivers Group lifted its position in M/I Homes by 2.7% during the fourth quarter. Bay Rivers Group now owns 4,911 shares of the construction company’s stock valued at $653,000 after purchasing an additional 128 shares during the period. Axxcess Wealth Management LLC boosted its holdings in M/I Homes by 5.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company’s stock worth $324,000 after purchasing an additional 131 shares during the last quarter. Nvest Financial LLC boosted its holdings in M/I Homes by 7.8% in the fourth quarter. Nvest Financial LLC now owns 1,822 shares of the construction company’s stock worth $242,000 after purchasing an additional 132 shares during the last quarter. Finally, Colonial River Investments LLC grew its position in M/I Homes by 5.9% in the 4th quarter. Colonial River Investments LLC now owns 2,451 shares of the construction company’s stock worth $326,000 after purchasing an additional 136 shares during the period. 95.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

M/I Homes Trading Up 4.5 %

Shares of MHO stock opened at $114.01 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 5.78 and a beta of 1.99. M/I Homes, Inc. has a 1 year low of $105.00 and a 1 year high of $176.18. The firm has a fifty day moving average price of $118.94 and a 200-day moving average price of $141.44.

M/I Homes (NYSE:MHO) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (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%. As a group, equities analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current 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.