M/I Homes, Inc. (NYSE:MHO) Shares Purchased by Algert Global LLC

Algert Global LLC increased its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 37.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,128 shares of the construction company's stock after purchasing an additional 27,697 shares during the period. Algert Global LLC owned 0.36% of M/I Homes worth $13,445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MHO. Hennessy Advisors Inc. purchased a new position in shares of M/I Homes during the fourth quarter worth about $43,674,000. Royce & Associates LP raised its stake in shares of M/I Homes by 42.5% during the fourth quarter. Royce & Associates LP now owns 274,871 shares of the construction company's stock worth $36,544,000 after purchasing an additional 81,964 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of M/I Homes during the fourth quarter worth approximately $10,672,000. Donald Smith & CO. Inc. grew its position in M/I Homes by 6.0% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,164,189 shares of the construction company's stock valued at $154,779,000 after buying an additional 65,771 shares during the last quarter. Finally, Barclays PLC increased its stake in M/I Homes by 34.1% in the 4th quarter. Barclays PLC now owns 169,796 shares of the construction company's stock valued at $22,574,000 after buying an additional 43,219 shares during the period. 95.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MHO has been the topic of several analyst reports. Raymond James lowered their target price on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating on the stock in a report on Tuesday, April 29th. StockNews.com cut M/I Homes from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Finally, Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th.

M/I Homes Price Performance

MHO stock traded down $1.24 during trading on Friday, reaching $109.54. 79,584 shares of the company were exchanged, compared to its average volume of 288,791. M/I Homes, Inc. has a 52-week low of $100.22 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. The company has a market cap of $2.93 billion, a P/E ratio of 5.56 and a beta of 1.75. The stock's 50 day moving average price is $111.78 and its 200 day moving average price is $130.94.

M/I Homes (NYSE:MHO - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share for the quarter, missing analysts' consensus estimates of $4.16 by ($0.18). M/I Homes had a return on equity of 20.20% and a net margin of 12.51%. The firm had revenue of $976.09 million during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the company earned $4.78 EPS. The business's revenue was down 7.4% on a year-over-year basis. As a group, analysts predict that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

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.