Louisiana State Employees Retirement System Buys Shares of 13,900 M/I Homes, Inc. (NYSE:MHO)

Louisiana State Employees Retirement System bought a new stake in shares of M/I Homes, Inc. (NYSE:MHO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,900 shares of the construction company’s stock, valued at approximately $1,915,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in M/I Homes by 26.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,388 shares of the construction company’s stock valued at $329,000 after purchasing an additional 500 shares during the period. Stratos Wealth Partners LTD. grew its position in shares of M/I Homes by 143.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 26,284 shares of the construction company’s stock worth $3,620,000 after buying an additional 15,481 shares during the period. Advisors Preferred LLC acquired a new stake in shares of M/I Homes during the 4th quarter worth approximately $1,986,000. AlphaMark Advisors LLC grew its position in shares of M/I Homes by 13.7% during the 4th quarter. AlphaMark Advisors LLC now owns 3,043 shares of the construction company’s stock worth $419,000 after buying an additional 367 shares during the period. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of M/I Homes during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Performance

Shares of MHO stock opened at $110.66 on Friday. M/I Homes, Inc. has a 52 week low of $63.39 and a 52 week high of $140.73. The firm has a 50 day moving average of $123.78 and a 200-day moving average of $114.53. The company has a quick ratio of 1.68, a current ratio of 6.84 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 6.81 and a beta of 2.13.

M/I Homes (NYSE:MHO) last issued its earnings results on Wednesday, January 31st. The construction company reported $3.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($1.28). M/I Homes had a return on equity of 19.75% and a net margin of 11.54%. The firm had revenue of $972.59 million during the quarter, compared to the consensus estimate of $1.19 billion. On average, equities analysts forecast that M/I Homes, Inc. will post 16.35 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Ann Marie Hunker sold 2,461 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $128.51, for a total value of $316,263.11. Following the transaction, the insider now directly owns 2,342 shares in the company, valued at approximately $300,970.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Monday, February 19th.

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.