605 Shares in M/I Homes, Inc. (NYSE:MHO) Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp bought a new position in M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 605 shares of the construction company’s stock, valued at approximately $80,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MHO. Smartleaf Asset Management LLC boosted its position in M/I Homes by 283.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company’s stock valued at $88,000 after buying an additional 493 shares during the period. Fisher Asset Management LLC boosted its position in 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 buying an additional 19,974 shares during the period. Illinois Municipal Retirement Fund boosted its position in 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 buying an additional 533 shares during the period. Los Angeles Capital Management LLC boosted its position in 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 buying an additional 194 shares during the period. Finally, Quartz Partners LLC boosted its position in 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 buying an additional 1,048 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

M/I Homes Stock Performance

Shares of NYSE:MHO opened at $117.17 on Monday. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 5.94 and a beta of 2.31. The company has a 50-day moving average price of $124.08 and a 200-day moving average price of $145.86. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 12 month low of $109.92 and a 12 month high of $176.18.

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 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 anticipate 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.