Mackenzie Financial Corp Raises Holdings in M/I Homes, Inc. (NYSE:MHO)

Mackenzie Financial Corp increased its position in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 143.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,775 shares of the construction company's stock after purchasing an additional 8,121 shares during the quarter. Mackenzie Financial Corp owned approximately 0.05% of M/I Homes worth $1,831,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of M/I Homes by 45.7% in the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company's stock worth $21,690,000 after buying an additional 39,711 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in M/I Homes by 35.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,636 shares of the construction company's stock worth $483,000 after acquiring an additional 942 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in M/I Homes by 13.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,781 shares of the construction company's stock worth $237,000 after purchasing an additional 205 shares during the last quarter. KBC Group NV boosted its position in M/I Homes by 60.2% in the fourth quarter. KBC Group NV now owns 1,267 shares of the construction company's stock worth $168,000 after purchasing an additional 476 shares during the last quarter. Finally, R Squared Ltd bought a new position in M/I Homes in the 4th quarter valued at $33,000. 95.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MHO. Seaport Res Ptn upgraded shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Raymond James reduced their target price on shares of M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a research report on Tuesday, April 29th. Finally, Wall Street Zen cut shares of M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th.

M/I Homes Price Performance

M/I Homes stock traded up $2.55 during midday trading on Wednesday, hitting $108.90. 223,854 shares of the company's stock were exchanged, compared to its average volume of 285,007. The stock has a 50-day moving average price of $108.37 and a two-hundred day moving average price of $124.53. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The company has a market cap of $2.92 billion, a P/E ratio of 5.53 and a beta of 1.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.93 and a current ratio of 7.65.

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

About M/I Homes

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.