HighTower Advisors LLC Boosts Position in M/I Homes, Inc. (NYSE:MHO)

HighTower Advisors LLC raised its stake in M/I Homes, Inc. (NYSE:MHO) by 46.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,795 shares of the construction company’s stock after purchasing an additional 1,198 shares during the period. HighTower Advisors LLC’s holdings in M/I Homes were worth $505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MHO. Cerity Partners LLC increased its position in shares of M/I Homes by 507.3% during the third quarter. Cerity Partners LLC now owns 15,833 shares of the construction company’s stock worth $2,713,000 after purchasing an additional 13,226 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in M/I Homes during the 3rd quarter worth approximately $86,000. FMR LLC increased its position in M/I Homes by 41.4% during the third quarter. FMR LLC now owns 96,809 shares of the construction company’s stock worth $16,589,000 after buying an additional 28,355 shares during the period. Quantbot Technologies LP lifted its stake in M/I Homes by 53.8% in the third quarter. Quantbot Technologies LP now owns 7,179 shares of the construction company’s stock valued at $1,230,000 after buying an additional 2,511 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of M/I Homes by 4.5% in the third quarter. BNP Paribas Financial Markets now owns 20,430 shares of the construction company’s stock valued at $3,501,000 after acquiring an additional 887 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Price Performance

Shares of NYSE MHO opened at $113.70 on Monday. 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. The stock has a fifty day moving average price of $121.29 and a 200 day moving average price of $143.08. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year 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%. Sell-side analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analysts Set New Price Targets

MHO has been the subject of a number of recent research reports. Seaport Res Ptn upgraded shares of M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. 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 research note on Thursday, January 30th. Finally, StockNews.com raised M/I Homes from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th.

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.