Cibc World Markets Corp Buys Shares of 2,492 M/I Homes, Inc. (NYSE:MHO)

Cibc World Markets Corp purchased a new position in shares of M/I Homes, Inc. (NYSE:MHO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,492 shares of the construction company’s stock, valued at approximately $331,000.

Other hedge funds also recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in M/I Homes in the fourth quarter worth $27,000. R Squared Ltd bought a new position in shares of M/I Homes during the 4th quarter worth $33,000. Steward Partners Investment Advisory LLC purchased a new stake in M/I Homes in the 4th quarter worth about $70,000. Jones Financial Companies Lllp bought a new stake in M/I Homes in the 4th quarter valued at about $80,000. Finally, Daiwa Securities Group Inc. purchased a new stake in M/I Homes during the third quarter valued at about $86,000. Institutional investors own 95.14% of the company’s stock.

M/I Homes Trading Up 4.0 %

Shares of M/I Homes stock opened at $120.54 on Tuesday. The company’s 50-day moving average price is $122.88 and its 200-day moving average price is $144.17. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. M/I Homes, Inc. has a 12-month low of $109.92 and a 12-month high of $176.18. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 6.12 and a beta of 2.31.

M/I Homes (NYSE:MHO) last posted its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share (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 expect 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 have recently weighed in on MHO. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. 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. Finally, Raymond James restated 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 report on Thursday, January 30th.

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.