Pictet Asset Management Holding SA Has $604,000 Stake in M/I Homes, Inc. (NYSE:MHO)

Pictet Asset Management Holding SA lifted its holdings in M/I Homes, Inc. (NYSE:MHO) by 23.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,542 shares of the construction company’s stock after acquiring an additional 866 shares during the quarter. Pictet Asset Management Holding SA’s holdings in M/I Homes were worth $604,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Principal Securities Inc. bought a new stake in shares of M/I Homes during the fourth quarter worth $27,000. R Squared Ltd acquired a new position in M/I Homes during the 4th quarter worth about $33,000. Steward Partners Investment Advisory LLC bought a new stake in M/I Homes during the 4th quarter worth about $70,000. Jones Financial Companies Lllp acquired a new stake in M/I Homes in the 4th quarter valued at about $80,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of M/I Homes by 283.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 667 shares of the construction company’s stock worth $88,000 after acquiring an additional 493 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MHO. 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 upgraded M/I Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

M/I Homes Price Performance

Shares of MHO stock opened at $103.96 on Wednesday. The firm’s 50 day moving average price is $117.24 and its two-hundred day moving average price is $140.09. The stock has a market cap of $2.82 billion, a PE ratio of 5.27 and a beta of 1.99. M/I Homes, Inc. has a 52-week low of $102.48 and a 52-week high of $176.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65.

M/I Homes (NYSE:MHO) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts’ consensus estimates of $4.96 by ($0.25). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. As a group, analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

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.