LPL Financial LLC Grows Stake in M/I Homes, Inc. (NYSE:MHO)

LPL Financial LLC boosted its position in shares of M/I Homes, Inc. (NYSE:MHO) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,223 shares of the construction company’s stock after purchasing an additional 2,492 shares during the quarter. LPL Financial LLC’s holdings in M/I Homes were worth $1,758,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of M/I Homes by 2.4% in the fourth quarter. American Century Companies Inc. now owns 850,417 shares of the construction company’s stock worth $113,063,000 after acquiring an additional 20,055 shares during the last quarter. Geode Capital Management LLC increased its position in M/I Homes by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 723,797 shares of the construction company’s stock worth $124,050,000 after purchasing an additional 21,575 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in M/I Homes in the 4th quarter valued at about $43,674,000. Royce & Associates LP lifted its holdings in M/I Homes by 42.5% in the 4th quarter. Royce & Associates LP now owns 274,871 shares of the construction company’s stock valued at $36,544,000 after purchasing an additional 81,964 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of M/I Homes by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 267,684 shares of the construction company’s stock worth $45,870,000 after purchasing an additional 14,321 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

M/I Homes Stock Down 1.7 %

NYSE:MHO opened at $104.31 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 5.29 and a beta of 1.99. M/I Homes, Inc. has a one year low of $100.22 and a one year high of $176.18. The stock has a 50-day simple moving average of $115.13 and a 200 day simple moving average of $137.58.

M/I Homes (NYSE:MHO) last posted 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 net margin of 12.51% and a return on equity of 20.20%. Sell-side analysts predict that M/I Homes, Inc. will post 18.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on MHO. Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Raymond James reissued a “strong-buy” rating and issued a $168.00 price target (down from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th. Finally, StockNews.com raised shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.