Corient Private Wealth LLC Grows Stock Holdings in M/I Homes, Inc. (NYSE:MHO)

Corient Private Wealth LLC raised its stake in M/I Homes, Inc. (NYSE:MHO) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,403 shares of the construction company’s stock after buying an additional 207 shares during the period. Corient Private Wealth LLC’s holdings in M/I Homes were worth $319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MHO. Vontobel Holding Ltd. grew its holdings in shares of M/I Homes by 107.2% in the 4th quarter. Vontobel Holding Ltd. now owns 5,523 shares of the construction company’s stock worth $734,000 after acquiring an additional 2,858 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in M/I Homes in the third quarter valued at $1,388,000. West Oak Capital LLC increased its position in shares of M/I Homes by 4,865.0% in the fourth quarter. West Oak Capital LLC now owns 4,965 shares of the construction company’s stock valued at $660,000 after buying an additional 4,865 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of M/I Homes during the 3rd quarter worth $4,698,000. Finally, Range Financial Group LLC purchased a new stake in shares of M/I Homes in the 4th quarter worth about $834,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MHO shares. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Seaport Res Ptn upgraded M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, Raymond James reiterated a “strong-buy” rating and set 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 Stock Performance

Shares of NYSE MHO opened at $113.70 on Monday. The company has a 50-day simple moving average of $121.29 and a 200-day simple moving average of $143.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93. The company has a market cap of $3.08 billion, a PE ratio of 5.77 and a beta of 2.31. M/I Homes, Inc. has a 12 month low of $109.92 and a 12 month high of $176.18.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS 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%. On average, equities analysts anticipate that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

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.