M/I Homes, Inc. (NYSE:MHO) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC grew its position in shares of M/I Homes, Inc. (NYSE:MHO) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,403 shares of the construction company’s stock after purchasing an additional 207 shares during the quarter. Corient Private Wealth LLC’s holdings in M/I Homes were worth $319,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP grew its stake 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 during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of M/I Homes by 14.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,584 shares of the construction company’s stock valued at $211,000 after acquiring an additional 201 shares during the period. Truvestments Capital LLC grew its position in shares of M/I Homes by 20.5% during the fourth quarter. Truvestments Capital LLC now owns 7,954 shares of the construction company’s stock worth $1,057,000 after acquiring an additional 1,355 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of M/I Homes by 46.1% in the 4th quarter. HighTower Advisors LLC now owns 3,795 shares of the construction company’s stock valued at $505,000 after acquiring an additional 1,198 shares during the period. Finally, AlphaQuest LLC raised its position in M/I Homes by 18.4% in the 4th quarter. AlphaQuest LLC now owns 9,362 shares of the construction company’s stock valued at $1,245,000 after purchasing an additional 1,457 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Down 2.6 %

Shares of M/I Homes stock opened at $113.70 on Monday. M/I Homes, Inc. has a one year low of $109.92 and a one year high of $176.18. The company has a market cap of $3.08 billion, a P/E ratio of 5.77 and a beta of 2.31. 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 firm has a fifty 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 EPS 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%. On average, analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.