Vontobel Holding Ltd. Acquires 2,858 Shares of M/I Homes, Inc. (NYSE:MHO)

Vontobel Holding Ltd. lifted its holdings in M/I Homes, Inc. (NYSE:MHO) by 107.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,523 shares of the construction company’s stock after purchasing an additional 2,858 shares during the period. Vontobel Holding Ltd.’s holdings in M/I Homes were worth $734,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in M/I Homes during the third quarter worth about $1,388,000. West Oak Capital LLC raised its stake 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 acquiring an additional 4,865 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of M/I Homes in the third quarter valued at approximately $4,698,000. Range Financial Group LLC bought a new position in shares of M/I Homes in the fourth quarter valued at approximately $834,000. Finally, Royce & Associates LP raised its position in M/I Homes by 30.0% in the 3rd quarter. Royce & Associates LP now owns 192,907 shares of the construction company’s stock worth $33,057,000 after purchasing an additional 44,559 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

M/I Homes Price Performance

Shares of NYSE MHO opened at $116.47 on Thursday. The firm has a market cap of $3.23 billion, a PE ratio of 5.91 and a beta of 2.29. The company has a current ratio of 7.32, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 1-year low of $109.92 and a 1-year high of $176.18. The company has a fifty day moving average price of $131.16 and a 200 day moving average price of $149.65.

M/I Homes (NYSE:MHO) last posted 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%. Research analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MHO. Raymond James restated a “strong-buy” rating and issued a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. StockNews.com cut shares of M/I Homes from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Wedbush upgraded shares of M/I Homes from a “neutral” rating to an “outperform” rating and upped their target price for the company from $155.00 to $185.00 in a research report on Monday, November 4th.

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.