Rhumbline Advisers Has $11.66 Million Position in M/I Homes, Inc. (NYSE:MHO)

Rhumbline Advisers raised its holdings in M/I Homes, Inc. (NYSE:MHO) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,708 shares of the construction company’s stock after buying an additional 2,085 shares during the quarter. Rhumbline Advisers owned 0.32% of M/I Homes worth $11,661,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Hennessy Advisors Inc. bought a new stake in M/I Homes in the fourth quarter valued at about $43,674,000. Vision Capital Corp acquired a new stake in M/I Homes during the third quarter valued at approximately $12,424,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of M/I Homes by 129.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 124,546 shares of the construction company’s stock valued at $21,342,000 after purchasing an additional 70,278 shares during the period. Royce & Associates LP raised its holdings in shares of M/I Homes by 30.0% in the 3rd quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock worth $33,057,000 after buying an additional 44,559 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of M/I Homes by 45.7% during the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company’s stock worth $21,690,000 after buying an additional 39,711 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Down 2.0 %

NYSE MHO opened at $116.95 on Monday. The stock’s 50 day simple moving average is $129.73 and its 200 day simple moving average is $149.25. M/I Homes, Inc. has a one year low of $109.92 and a one year high of $176.18. The firm has a market cap of $3.17 billion, a PE ratio of 5.93 and a beta of 2.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

M/I Homes (NYSE:MHO) last announced its earnings results 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, sell-side analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MHO shares. StockNews.com cut M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. 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. Finally, Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $155.00 to $185.00 in a report on Monday, November 4th.

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.