M/I Homes, Inc. (NYSE:MHO) Shares Bought by Round Hill Asset Management

Round Hill Asset Management grew its position in shares of M/I Homes, Inc. (NYSE:MHO) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,753 shares of the construction company’s stock after purchasing an additional 1,633 shares during the quarter. M/I Homes makes up about 1.4% of Round Hill Asset Management’s holdings, making the stock its 22nd largest position. Round Hill Asset Management owned 0.05% of M/I Homes worth $1,961,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vontobel Holding Ltd. grew its stake in M/I Homes by 107.2% during the 4th quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company’s stock worth $734,000 after buying an additional 2,858 shares during the last quarter. West Oak Capital LLC increased its holdings in shares of M/I Homes by 4,865.0% in the 4th quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock valued at $660,000 after acquiring an additional 4,865 shares during the period. World Investment Advisors LLC acquired a new position in shares of M/I Homes in the 3rd quarter valued at $4,698,000. Range Financial Group LLC purchased a new stake in M/I Homes in the 4th quarter valued at $834,000. Finally, JPMorgan Chase & Co. grew its position in M/I Homes by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 267,684 shares of the construction company’s stock worth $45,870,000 after purchasing an additional 14,321 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Trading Up 4.5 %

NYSE MHO opened at $114.01 on Monday. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $118.94 and a 200 day moving average price of $141.26. M/I Homes, Inc. has a 52-week low of $105.00 and a 52-week high of $176.18. The stock has a market capitalization of $3.09 billion, a P/E ratio of 5.78 and a beta of 1.99.

M/I Homes (NYSE:MHO) last posted its quarterly earnings results 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%. Equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MHO shares. Seaport Res Ptn upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. StockNews.com upgraded M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Finally, Raymond James restated a “strong-buy” rating and set a $168.00 price target (down previously 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.