CIBC Asset Management Inc Takes Position in M/I Homes, Inc. (NYSE:MHO)

CIBC Asset Management Inc acquired a new stake in M/I Homes, Inc. (NYSE:MHO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,767 shares of the construction company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MHO. Principal Securities Inc. acquired a new stake in M/I Homes in the 4th quarter worth about $27,000. R Squared Ltd acquired a new stake in M/I Homes in the 4th quarter worth about $33,000. Signaturefd LLC boosted its holdings in M/I Homes by 49.4% in the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock worth $61,000 after buying an additional 117 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in M/I Homes in the 3rd quarter worth about $86,000. Finally, Private Trust Co. NA acquired a new stake in M/I Homes in the 3rd quarter worth about $88,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday. Raymond James reissued a “strong-buy” rating and issued a $168.00 price target (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Finally, Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $155.00 to $185.00 in a research note on Monday, November 4th.

M/I Homes Stock Up 4.1 %

Shares of MHO opened at $120.89 on Wednesday. M/I Homes, Inc. has a 52-week low of $109.92 and a 52-week high of $176.18. The company has a market capitalization of $3.28 billion, a PE ratio of 6.13 and a beta of 2.29. The stock has a fifty day simple moving average of $128.96 and a two-hundred day simple moving average of $149.13. 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 (NYSE:MHO) last issued its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts forecast that M/I Homes, Inc. will post 18.44 EPS 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.