M/I Homes, Inc. (NYSE:MHO) Shares Purchased by Quartz Partners LLC

Quartz Partners LLC boosted its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,100 shares of the construction company’s stock after buying an additional 1,048 shares during the quarter. Quartz Partners LLC’s holdings in M/I Homes were worth $1,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of M/I Homes in the fourth quarter valued at $27,000. R Squared Ltd purchased a new stake in M/I Homes during the 4th quarter worth about $33,000. Signaturefd LLC raised its position in M/I Homes by 49.4% in the 3rd quarter. Signaturefd LLC now owns 354 shares of the construction company’s stock valued at $61,000 after purchasing an additional 117 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of M/I Homes in the 3rd quarter valued at about $86,000. Finally, Private Trust Co. NA acquired a new position in shares of M/I Homes during the third quarter worth about $88,000. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Wall Street Analyst Weigh In

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

M/I Homes Price Performance

MHO stock opened at $116.95 on Monday. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 5.93 and a beta of 2.29. M/I Homes, Inc. has a fifty-two week low of $109.92 and a fifty-two week high of $176.18. 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 business has a 50 day moving average price of $129.73 and a 200 day moving average price of $149.25.

M/I Homes (NYSE:MHO) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 earnings per share 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%. Equities research analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share 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.