M/I Homes, Inc. (NYSE:MHO) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its holdings in M/I Homes, Inc. (NYSE:MHO) by 107.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,523 shares of the construction company’s stock after purchasing an additional 2,858 shares during the period. Vontobel Holding Ltd.’s holdings in M/I Homes were worth $734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MHO. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in M/I Homes during the third quarter worth approximately $1,388,000. West Oak Capital LLC grew its holdings in M/I Homes by 4,865.0% during the 4th quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock valued at $660,000 after purchasing an additional 4,865 shares in the last quarter. World Investment Advisors LLC acquired a new position in M/I Homes during the 3rd quarter worth $4,698,000. Range Financial Group LLC acquired a new position in M/I Homes during the 4th quarter worth $834,000. Finally, Royce & Associates LP lifted its position in shares of M/I Homes by 30.0% in the 3rd quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock worth $33,057,000 after buying an additional 44,559 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Performance

M/I Homes stock opened at $116.47 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.32 and a quick ratio of 1.93. The company has a market cap of $3.23 billion, a P/E ratio of 5.91 and a beta of 2.29. The firm’s 50 day simple moving average is $131.16 and its 200-day simple moving average is $149.65. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18.

M/I Homes (NYSE:MHO) 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 return on equity of 20.20% and a net margin of 12.51%. As a group, equities research analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analyst Ratings Changes

MHO has been the topic of a number of recent research reports. StockNews.com downgraded shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

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.