M/I Homes (NYSE:MHO) Raised to “Strong-Buy” at Seaport Res Ptn

M/I Homes (NYSE:MHO) was upgraded by research analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the company. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Raymond James reaffirmed a “strong-buy” rating and issued a $168.00 target price (down previously from $210.00) on shares of M/I Homes in a report on Thursday, January 30th.

M/I Homes Trading Down 0.2 %

Shares of MHO stock opened at $121.39 on Thursday. The firm has a fifty day moving average of $125.52 and a 200-day moving average of $147.43. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 6.16 and a beta of 2.31. M/I Homes has a 52-week low of $109.92 and a 52-week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65.

M/I Homes (NYSE:MHO) last posted 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 return on equity of 20.20% and a net margin of 12.51%. On average, equities research analysts forecast that M/I Homes will post 18.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On M/I Homes

A number of hedge funds have recently added to or reduced their stakes in MHO. Hennessy Advisors Inc. acquired a new position in shares of M/I Homes during the fourth quarter worth approximately $43,674,000. Millennium Management LLC raised its position in M/I Homes by 85.5% in the 4th quarter. Millennium Management LLC now owns 238,826 shares of the construction company’s stock worth $31,752,000 after purchasing an additional 110,086 shares during the last quarter. Royce & Associates LP lifted its holdings in M/I Homes by 42.5% during the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company’s stock worth $36,544,000 after buying an additional 81,964 shares in the last quarter. Raymond James Financial Inc. bought a new position in M/I Homes in the 4th quarter valued at $10,672,000. Finally, Voloridge Investment Management LLC increased its stake in shares of M/I Homes by 3,243.7% in the 4th quarter. Voloridge Investment Management LLC now owns 75,535 shares of the construction company’s stock valued at $10,042,000 after buying an additional 73,276 shares during the period. Institutional investors own 95.14% of the company’s stock.

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.