Smartleaf Asset Management LLC Acquires 493 Shares of M/I Homes, Inc. (NYSE:MHO)

Smartleaf Asset Management LLC increased its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 283.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 667 shares of the construction company’s stock after purchasing an additional 493 shares during the quarter. Smartleaf Asset Management LLC’s holdings in M/I Homes were worth $88,000 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. Fisher Asset Management LLC lifted its holdings in shares of M/I Homes by 122.4% during the fourth quarter. Fisher Asset Management LLC now owns 36,293 shares of the construction company’s stock valued at $4,825,000 after purchasing an additional 19,974 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of M/I Homes by 3.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 15,504 shares of the construction company’s stock valued at $2,061,000 after purchasing an additional 533 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of M/I Homes by 1.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 10,425 shares of the construction company’s stock valued at $1,386,000 after purchasing an additional 194 shares in the last quarter. Quartz Partners LLC lifted its holdings in shares of M/I Homes by 11.6% during the fourth quarter. Quartz Partners LLC now owns 10,100 shares of the construction company’s stock valued at $1,343,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Colonial River Investments LLC lifted its holdings in shares of M/I Homes by 5.9% during the fourth quarter. Colonial River Investments LLC now owns 2,451 shares of the construction company’s stock valued at $326,000 after purchasing an additional 136 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Stock Down 0.2 %

MHO stock opened at $121.39 on Friday. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18. The business’s 50-day moving average is $125.52 and its two-hundred day moving average is $147.43. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The company 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 (NYSE:MHO) last posted its quarterly earnings data 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, analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MHO. Raymond James reaffirmed 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. Finally, StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

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.