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

Walleye Capital LLC acquired a new stake in 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 acquired 14,174 shares of the construction company’s stock, valued at approximately $1,884,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hennessy Advisors Inc. purchased a new position in M/I Homes in the fourth quarter valued at approximately $43,674,000. Royce & Associates LP grew its position in shares of M/I Homes by 42.5% in the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company’s stock valued at $36,544,000 after buying an additional 81,964 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in M/I Homes during the 4th quarter worth $10,672,000. Donald Smith & CO. Inc. lifted its position in M/I Homes by 6.0% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company’s stock valued at $154,779,000 after acquiring an additional 65,771 shares during the last quarter. Finally, Barclays PLC boosted its stake in M/I Homes by 34.1% in the fourth quarter. Barclays PLC now owns 169,796 shares of the construction company’s stock valued at $22,574,000 after acquiring an additional 43,219 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

M/I Homes Price Performance

Shares of MHO opened at $105.93 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. M/I Homes, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $176.18. The firm has a 50-day simple moving average of $114.64 and a 200-day simple moving average of $136.67. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 5.37 and a beta of 1.99.

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

Wall Street Analysts Forecast Growth

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