Algert Global LLC Buys 27,697 Shares of M/I Homes, Inc. (NYSE:MHO)

Algert Global LLC boosted its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 37.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,128 shares of the construction company's stock after purchasing an additional 27,697 shares during the period. Algert Global LLC owned about 0.36% of M/I Homes worth $13,445,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MHO. Donald Smith & CO. Inc. grew its holdings in shares of M/I Homes by 6.0% during 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 acquiring an additional 65,771 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of M/I Homes by 2.4% during the 4th quarter. American Century Companies Inc. now owns 850,417 shares of the construction company's stock worth $113,063,000 after buying an additional 20,055 shares during the period. Franklin Resources Inc. boosted its holdings in M/I Homes by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 687,488 shares of the construction company's stock valued at $91,402,000 after acquiring an additional 15,685 shares during the period. Northern Trust Corp grew its holdings in M/I Homes by 8.4% in the 4th quarter. Northern Trust Corp now owns 347,000 shares of the construction company's stock valued at $46,134,000 after buying an additional 26,820 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new position in M/I Homes in the 4th quarter worth approximately $43,674,000. Institutional investors and hedge funds own 95.14% of the company's stock.

Analyst Ratings Changes

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

M/I Homes Stock Performance

Shares of NYSE MHO traded down $2.63 during trading hours on Tuesday, reaching $107.90. The stock had a trading volume of 182,515 shares, compared to its average volume of 285,009. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 5.47 and a beta of 1.75. M/I Homes, Inc. has a twelve month low of $100.22 and a twelve month high of $176.18. The business's fifty day moving average is $112.20 and its two-hundred day moving average is $131.64. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.65 and a quick ratio of 1.93.

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