Rafferty Asset Management LLC Purchases 6,169 Shares of M/I Homes, Inc. (NYSE:MHO)

Rafferty Asset Management LLC raised its holdings in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 50.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,396 shares of the construction company's stock after purchasing an additional 6,169 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.07% of M/I Homes worth $2,446,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MHO. Barclays PLC lifted its holdings in M/I Homes by 45.7% during the 3rd quarter. Barclays PLC now owns 126,577 shares of the construction company's stock valued at $21,690,000 after purchasing an additional 39,711 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of M/I Homes by 4.2% during the fourth quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company's stock worth $296,000 after buying an additional 90 shares in the last quarter. Ellsworth Advisors LLC lifted its holdings in shares of M/I Homes by 11.8% during the fourth quarter. Ellsworth Advisors LLC now owns 3,936 shares of the construction company's stock worth $523,000 after buying an additional 415 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of 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 buying an additional 942 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of M/I Homes by 23.4% during the fourth quarter. Inspire Investing LLC now owns 2,992 shares of the construction company's stock worth $398,000 after buying an additional 568 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company's stock.

M/I Homes Price Performance

MHO stock traded up $0.28 during midday trading on Friday, reaching $106.58. The company had a trading volume of 181,131 shares, compared to its average volume of 284,953. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 5.41 and a beta of 1.75. The stock has a 50 day moving average price of $109.99 and a 200-day moving average price of $126.94. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. 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 released its earnings results on Wednesday, April 23rd. The construction company reported $3.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm earned $4.78 EPS. The business's revenue was down 7.4% on a year-over-year basis. Equities research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded M/I Homes from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Seaport Res Ptn raised M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Raymond James dropped their target price on M/I Homes from $168.00 to $140.00 and set a "strong-buy" rating for the company in a report on Tuesday, April 29th.

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.