Magnetar Financial LLC Makes New Investment in M/I Homes, Inc. (NYSE:MHO)

Magnetar Financial LLC acquired a new stake in M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,565 shares of the construction company’s stock, valued at approximately $341,000.

Several other hedge funds also recently modified their holdings of MHO. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of M/I Homes in the 3rd quarter valued at $1,365,000. Intech Investment Management LLC increased its stake in shares of M/I Homes by 100.5% in the 3rd quarter. Intech Investment Management LLC now owns 9,245 shares of the construction company’s stock valued at $1,584,000 after acquiring an additional 4,635 shares in the last quarter. Foundry Partners LLC bought a new stake in shares of M/I Homes in the 3rd quarter valued at $393,000. Charles Schwab Investment Management Inc. increased its stake in shares of M/I Homes by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,081 shares of the construction company’s stock valued at $79,182,000 after acquiring an additional 19,754 shares in the last quarter. Finally, Citigroup Inc. grew its position in M/I Homes by 48.4% in the 3rd quarter. Citigroup Inc. now owns 55,705 shares of the construction company’s stock valued at $9,546,000 after purchasing an additional 18,173 shares during the period. Institutional investors own 95.14% of the company’s stock.

M/I Homes Stock Performance

NYSE MHO opened at $115.89 on Friday. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.14 billion, a P/E ratio of 5.88 and a beta of 2.31. The company has a fifty day simple moving average of $123.00 and a 200 day simple moving average of $144.49. 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 posted its quarterly earnings data 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%. Sell-side analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

M/I Homes Company 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.