Headlands Technologies LLC Buys New Position in M/I Homes, Inc. (NYSE:MHO)

Headlands Technologies LLC purchased a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,374 shares of the construction company’s stock, valued at approximately $183,000.

A number of other large investors also recently modified their holdings of the business. Principal Securities Inc. acquired a new position in M/I Homes during the fourth quarter valued at approximately $27,000. R Squared Ltd bought a new position in shares of M/I Homes in the fourth quarter valued at $33,000. Steward Partners Investment Advisory LLC acquired a new position in M/I Homes during the fourth quarter worth $70,000. Jones Financial Companies Lllp bought a new stake in M/I Homes during the fourth quarter worth $80,000. Finally, Smartleaf Asset Management LLC lifted its stake in M/I Homes by 283.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company’s stock valued at $88,000 after acquiring an additional 493 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

M/I Homes Stock Up 4.5 %

Shares of NYSE MHO opened at $114.01 on Friday. M/I Homes, Inc. has a 52 week low of $105.00 and a 52 week high of $176.18. The stock’s fifty day moving average is $118.94 and its 200 day moving average is $141.44. 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 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 (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%. Sell-side analysts forecast that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on MHO. Raymond James reaffirmed a “strong-buy” rating and set a $168.00 price objective (down from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Seaport Res Ptn upgraded 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.