M/I Homes (NYSE:MHO) Upgraded by StockNews.com to Buy Rating

M/I Homes (NYSE:MHO) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Other equities research analysts also recently issued research reports about the stock. Wedbush raised shares of M/I Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $155.00 to $185.00 in a research note on Monday, November 4th. Raymond James reissued a “strong-buy” rating and set a $168.00 price target (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

M/I Homes Stock Down 1.8 %

Shares of NYSE:MHO opened at $118.97 on Tuesday. The company has a 50-day moving average price of $127.92 and a 200 day moving average price of $148.76. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes has a 12 month low of $109.92 and a 12 month high of $176.18. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 6.04 and a beta of 2.29.

M/I Homes (NYSE:MHO) last released 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 net margin of 12.51% and a return on equity of 20.20%. As a group, equities research analysts predict that M/I Homes will post 18.44 earnings per share for the current year.

Institutional Investors Weigh In On M/I Homes

Large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp raised its holdings in shares of M/I Homes by 143.6% in the 4th quarter. Mackenzie Financial Corp now owns 13,775 shares of the construction company’s stock valued at $1,831,000 after purchasing an additional 8,121 shares in the last quarter. Invst LLC boosted its position in M/I Homes by 13.2% in the fourth quarter. Invst LLC now owns 3,843 shares of the construction company’s stock valued at $511,000 after buying an additional 448 shares during the last quarter. US Asset Management LLC acquired a new stake in shares of M/I Homes in the fourth quarter worth $272,000. PharVision Advisers LLC purchased a new position in shares of M/I Homes during the fourth quarter worth $209,000. Finally, Voloridge Investment Management LLC lifted its position in M/I Homes by 3,243.7% during the fourth quarter. Voloridge Investment Management LLC now owns 75,535 shares of the construction company’s stock valued at $10,042,000 after purchasing an additional 73,276 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Company 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.