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

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

Several other hedge funds and other institutional investors have also recently modified their holdings of MHO. Vontobel Holding Ltd. increased its position in M/I Homes by 107.2% during the fourth quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company’s stock valued at $734,000 after acquiring an additional 2,858 shares during the last quarter. West Oak Capital LLC grew its stake in shares of M/I Homes by 4,865.0% during the 4th quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock valued at $660,000 after purchasing an additional 4,865 shares during the period. World Investment Advisors LLC purchased a new stake in shares of M/I Homes during the 3rd quarter valued at about $4,698,000. Range Financial Group LLC bought a new position in shares of M/I Homes in the 4th quarter worth approximately $834,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of M/I Homes by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 267,684 shares of the construction company’s stock worth $45,870,000 after buying an additional 14,321 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

M/I Homes Price Performance

Shares of NYSE:MHO opened at $114.01 on Friday. The company has a market capitalization of $3.09 billion, a P/E ratio of 5.78 and a beta of 2.31. M/I Homes, Inc. has a 1-year low of $105.00 and a 1-year high of $176.18. The firm’s 50 day simple moving average is $118.94 and its two-hundred day simple moving average is $141.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

M/I Homes (NYSE:MHO) last issued its earnings results 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%. Research analysts expect that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.