Dynamic Technology Lab Private Ltd Acquires Shares of 13,060 M/I Homes, Inc. (NYSE:MHO)

Dynamic Technology Lab Private Ltd bought a new position in shares of M/I Homes, Inc. (NYSE:MHO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,060 shares of the construction company’s stock, valued at approximately $1,736,000.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its holdings in M/I Homes by 41.4% in the third quarter. FMR LLC now owns 96,809 shares of the construction company’s stock worth $16,589,000 after purchasing an additional 28,355 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 worth $21,342,000 after acquiring an additional 70,278 shares in the last quarter. Verition Fund Management LLC lifted its position in M/I Homes by 206.0% during the 3rd quarter. Verition Fund Management LLC now owns 6,733 shares of the construction company’s stock valued at $1,154,000 after acquiring an additional 4,533 shares during the period. Centiva Capital LP bought a new stake in M/I Homes during the third quarter worth about $759,000. Finally, HighTower Advisors LLC grew its holdings in M/I Homes by 19.1% in the third quarter. HighTower Advisors LLC now owns 2,597 shares of the construction company’s stock worth $447,000 after purchasing an additional 416 shares during the period. Institutional investors own 95.14% of the company’s stock.

Analyst Ratings Changes

MHO has been the subject of several recent research reports. Raymond James reiterated a “strong-buy” rating and set a $168.00 target price (down from $210.00) on shares of M/I Homes in a report on Thursday, January 30th. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Finally, StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

M/I Homes Trading Up 4.5 %

Shares of NYSE MHO opened at $114.01 on Friday. The firm’s 50 day moving average price is $118.94 and its 200-day moving average price is $141.61. M/I Homes, Inc. has a 52-week low of $105.00 and a 52-week high of $176.18. 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 company has a market cap of $3.09 billion, a PE ratio of 5.78 and a beta of 2.31.

M/I Homes (NYSE:MHO) last released its quarterly earnings data 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 net margin of 12.51% and a return on equity of 20.20%. On average, equities research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

M/I Homes 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.