M/I Homes, Inc. (NYSE:MHO) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of M/I Homes, Inc. (NYSE:MHO) by 46.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,795 shares of the construction company’s stock after buying an additional 1,198 shares during the quarter. HighTower Advisors LLC’s holdings in M/I Homes were worth $505,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MHO. Principal Securities Inc. purchased a new stake in M/I Homes in the fourth quarter valued at $27,000. R Squared Ltd acquired a new stake in shares of M/I Homes during the 4th quarter worth about $33,000. Daiwa Securities Group Inc. purchased a new stake in M/I Homes in the 3rd quarter valued at about $86,000. Steward Partners Investment Advisory LLC acquired a new position in M/I Homes in the fourth quarter valued at about $70,000. Finally, Jones Financial Companies Lllp acquired a new position in M/I Homes in the fourth quarter valued at about $80,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Performance

NYSE MHO opened at $113.70 on Monday. The company has a market cap of $3.08 billion, a P/E ratio of 5.77 and a beta of 2.31. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The stock has a 50-day moving average of $121.29 and a two-hundred day moving average of $143.08.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. As a group, analysts anticipate that M/I Homes, Inc. will post 18.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports 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, February 25th. Seaport Res Ptn upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, 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 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.